Understanding Provident Fund Contributions: What Do A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 Mean?

Sir, can anyone please share the process of the contribution to the Provident Fund?

What do A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 stand for?

Account Number 1: It consists of 12% employee PF contribution and 3.67% employer contribution.

Account Number 21: It consists of 0.5% EDLI (Employee Deposit Linked Insurance) charges.

Account Number 22: It consists of 0.01% EDLI administration charges.

Account 10: This is a section where contributions to pension funds are mentioned.

Gurupada Ji, what about A/C.02?

Hi, Please refer to the following: A/C No.2: PF Admin account - Employer contribution 0.5%

Now, there are no administration charges on EDLI.

Sitaramsn Ji, now there are no admin charges on EDLI. It falls under which A/C?

A/C No. 2 is for EPF Admin charges. If you see the challan, A/C No. 22 will be blank or 0.