Hi Suraj,
Actually, I have studied this, so I am trying to help you. Just checking if you wanted to know only this or something else as well?
From your CTC, 12% is contributed by you towards your PF, and 12% is contributed by your company. Out of the company's 12%, 8.33% goes towards the Pension scheme, while the remaining 3.25% or so goes to the Insurance linked deposit scheme.
Hope you got it.
From India
Acknowledge(0)
Amend(0)
Actually, I have studied this, so I am trying to help you. Just checking if you wanted to know only this or something else as well?
From your CTC, 12% is contributed by you towards your PF, and 12% is contributed by your company. Out of the company's 12%, 8.33% goes towards the Pension scheme, while the remaining 3.25% or so goes to the Insurance linked deposit scheme.
Hope you got it.
From India
Acknowledge(0)Amend(0)
Dear Suraj,
PF CONTRIBUTION
Employee: 12%
(Basic wages, dearness allowance, cash value of food concession, and retaining allowances if any)
Employer: 13.61%
Contribution:
3.67% = Provident Fund (A/c No.1)
8.33% = Pension Fund (A/c No.10)
0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges:
1.10% of emoluments = Provident Fund (A/c No.2)
0.01% of emoluments = EDLIS (A/c No.22)
Total: 25.61%
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
2PF CONTRIBUTION
Employee: 12%
(Basic wages, dearness allowance, cash value of food concession, and retaining allowances if any)
Employer: 13.61%
Contribution:
3.67% = Provident Fund (A/c No.1)
8.33% = Pension Fund (A/c No.10)
0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges:
1.10% of emoluments = Provident Fund (A/c No.2)
0.01% of emoluments = EDLIS (A/c No.22)
Total: 25.61%
Thank you.
From India, Mumbai
Acknowledge(0)Amend(0)
Dear Suraj,
PF CONTRIBUTION
Employee 12%
(Basic wages, dearness allowance, cash value of food concession, and retaining allowances if any)
Employer 13.61% Contribution:
3.67% = Provident Fund (A/c No.1)
8.33% = Pension Fund (A/c No.10)
0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges:
1.10% of emoluments = Provident Fund (A/c No.2)
0.01% of emoluments = EDLIS (A/c No.22)
Total 25.61%
Please let me know if you need any further information or clarification.
From India, Mumbai
Acknowledge(0)Amend(0)
PF CONTRIBUTION
Employee 12%
(Basic wages, dearness allowance, cash value of food concession, and retaining allowances if any)
Employer 13.61% Contribution:
3.67% = Provident Fund (A/c No.1)
8.33% = Pension Fund (A/c No.10)
0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges:
1.10% of emoluments = Provident Fund (A/c No.2)
0.01% of emoluments = EDLIS (A/c No.22)
Total 25.61%
Please let me know if you need any further information or clarification.
From India, Mumbai
Acknowledge(0)Amend(0)CiteHR is an AI-augmented HR knowledge and collaboration platform, enabling HR professionals to solve real-world challenges, validate decisions, and stay ahead through collective intelligence and machine-enhanced guidance. Join Our Platform.
Provident Fund Full Details.doc
Provident Fund - Excluded Employee - Definition.pdf