Hi all, I wish to know about the percentage of the share contributed towards an employee's PF account by an employer. From my salary, 12% of Basic is debited towards the PF account. Thanks in advance.
Regards, Singaporean
From India, Bangalore
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Regards, Singaporean
From India, Bangalore
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It 12% of your basic by the employer plus administration charges extra on employer......... for more details use the search option on this Cite you get all the info in detail......
From India, Bangalore
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203From India, Bangalore
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Hi Singaporean, both the employee and employer have to contribute equally to the employee's PF. Also, administrative charges of 0.5% will be included. If you earn more than Rs. 6500 as basic pay, they will not deduct the PF amount. If you wish, you can contribute, but it should not exceed Rs. 780.
Regards.
From India, Bangalore
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Regards.
From India, Bangalore
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf