Possible PF Contributions for Employer and Employee
What will be the possible PF employer and PF employee contributions when my monthly gross is 50,000 with the distribution as follows (when 1.16% of additional is allowed and not allowed under EPS schemes)?
Say, Monthly CTC: 50,000 /-
Basic: 20,000
HRA: 10,000
Medical: 1,250
LTA: 1,600
Conveyance: 3,000
Food Coupons: 3,000
Special: 11,150
Total: 50,000
PF - Employee: 2,400
PF - Employer: 2,400
Can someone help me in projecting the values for PF employer (EPF, EPS, EDLI admin charges when 1.16% of additional is allowed to the pension scheme and not allowed to pension scheme cases)?
From India, Hyderabad
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What will be the possible PF employer and PF employee contributions when my monthly gross is 50,000 with the distribution as follows (when 1.16% of additional is allowed and not allowed under EPS schemes)?
Say, Monthly CTC: 50,000 /-
Basic: 20,000
HRA: 10,000
Medical: 1,250
LTA: 1,600
Conveyance: 3,000
Food Coupons: 3,000
Special: 11,150
Total: 50,000
PF - Employee: 2,400
PF - Employer: 2,400
Can someone help me in projecting the values for PF employer (EPF, EPS, EDLI admin charges when 1.16% of additional is allowed to the pension scheme and not allowed to pension scheme cases)?
From India, Hyderabad
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Employees: 2400/- is directly credited to account number 1. The employer's contribution is split, with 1250/- going into account 10 and the remaining 1150/- in account 1. The Employee's Deposit Linked Insurance (EDLI) at 0.5% is automatically calculated by the portal. The EDLI salary and EPF salary are both 15000/-, making the EDLI contribution 75/-.
Administrative charges are now at 0.5%, which amounts to 20000*0.5/100 = 100 (subject to a minimum payment of 500/- per month per establishment for all employees accumulated).
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651Administrative charges are now at 0.5%, which amounts to 20000*0.5/100 = 100 (subject to a minimum payment of 500/- per month per establishment for all employees accumulated).
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Employer-PF-res trict to wages of Rs 6500.pdf
HR Concern for Employer n Employee.doc