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Understanding EPF Contributions: How Does the 12% from Both Sides Really Work?


Anonymous
EPF is 12% by employee &12% by employer = 24% +1% of the basic Example 100 rs so deduction 12%+12%=24 - 100 -24= 76 salary to be handed?
From India, Bhubaneswar
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No, only 12% of the salary is to be deducted, and the other 12%, plus the administration charges and EDLI contribution, are payable by the employer and cannot be deducted from the salary.
From India, Kannur
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Human Resource Management (HRM) Community Journal & KnowledgeBase (Entry: 640906)

India, Bhubaneswar
12 May 2023 11.35.26 AM
Views: 510 Replies: 1 Appreciations: 0

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