I work in a Pvt Organisation where our employer considers the provident fund as a part of the CTC. Our deductions are the same amount that we contribute to EPF, i.e., ₹324 mine/₹324 employer's. Why is that so? My PF slip shows the employer's contribution of 30.56% only, i.e., ₹324 mine/₹99.01 employer's.
If the same amount is deducted from my salary, then why is it not contributed to the provident fund by the employer?
Considering the deductions in my CTC yearly, if I get a lesser amount of 69%, what should I do?
From India, Pune
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If the same amount is deducted from my salary, then why is it not contributed to the provident fund by the employer?
Considering the deductions in my CTC yearly, if I get a lesser amount of 69%, what should I do?
From India, Pune
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Employer Contribution to Provident Fund (PF)
The employer's contribution to the PF is 3.67% of your pay, which amounts to Rs. 99. The remaining 8.33% of the employer's contribution will go to the Family Pension Scheme (FPS). This amount will be paid separately by the employer into Account No. 10.
From India, Madras
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7The employer's contribution to the PF is 3.67% of your pay, which amounts to Rs. 99. The remaining 8.33% of the employer's contribution will go to the Family Pension Scheme (FPS). This amount will be paid separately by the employer into Account No. 10.
From India, Madras
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PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf
PF-Know Employees Provident Fund-CHART-L-4. doc