Please guide me about PF calculation How PF should calculate there will employee contribution and employer contribution
From India, Aurangabad
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From India, Aurangabad
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As per PF rules, ₹6,500 is called the ceiling amount. The employee contribution is 12%, and the employer contribution is also 12%. The employer contribution of 12% is divided into two parts: 8.33% goes to the Pension account, and 3.67% goes to the PF account. In total, 15.67% will go to the PF account, and 8.33% will go to the Pension account.
Regards,
Ashok.
From India, Coimbatore
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3Regards,
Ashok.
From India, Coimbatore
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PROVIDENT FUND CALCULATION.xls