Hi Can any one emplain in detail about the PF and and who is eligible for PF deduction. And from what salary range is this PF deducted. Naveen
From India, Hyderabad
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From India, Hyderabad
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Dear Naveen,
Please go through this website: www.epfindia.com. You will have a fair enough idea about PF.
Regards,
Rangaraj
From Canada, Toronto
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1Please go through this website: www.epfindia.com. You will have a fair enough idea about PF.
Regards,
Rangaraj
From Canada, Toronto
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Hi, PF is deducted on the basic salary of up to Rs. 6500. Contribution is 12% each from employees and employers' end. Employers' contribution is divided into 2 parts: 8.33% contribution to the Pension Scheme and 3.67% to PF.
There are various other charges which the employer has to contribute, such as:
There are other contributions also made from the employer's side, they are as follows:
- 0.5% of the pension salary towards A/c No. 21
- 1.1% of the Basic Salary towards A/C No. 2
- 0.01% of the pension salary towards A/C No. 22
Regards,
Pooja
From India, Pune
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There are various other charges which the employer has to contribute, such as:
There are other contributions also made from the employer's side, they are as follows:
- 0.5% of the pension salary towards A/c No. 21
- 1.1% of the Basic Salary towards A/C No. 2
- 0.01% of the pension salary towards A/C No. 22
Regards,
Pooja
From India, Pune
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Provident Fund - Excluded Employee - Definition.pdf