Hi, we deduct only Employees contribution i.e 12% and the employer contribution is 12%. out of 12%, 8.33% contribution towards pension and remaining is for PF.
From India, Mumbai
1From India, Mumbai
wats the diffrence between provident fund and pension fund???and whos paying pension fund???employee or employeer??
From Pakistan, Karachi
From Pakistan, Karachi
1.maximum limit of pf deduction is 6500/ Basic+DA salery
2. From employee side 12%(A/c-1)
3. From employer side 12% it goes in two part
i 3.67% pf office (A/c-1) total in A/c-1 (15.67%)
ii 8.33% goes to pf office (A/c-10)
4 1.10 admin charge (A/c-2)
5. 0.50% EDLI Charge (A/c-21)
6. 0.01% inspection charge (A/c-22)
Total pf Contribution from employer/employee side is (25.61%)
Pf challan shall be goes in S.B.I Bank Before 15th of Month
Thanks
Regards
Arun Gahelot
HR Executive
From India, Delhi
2. From employee side 12%(A/c-1)
3. From employer side 12% it goes in two part
i 3.67% pf office (A/c-1) total in A/c-1 (15.67%)
ii 8.33% goes to pf office (A/c-10)
4 1.10 admin charge (A/c-2)
5. 0.50% EDLI Charge (A/c-21)
6. 0.01% inspection charge (A/c-22)
Total pf Contribution from employer/employee side is (25.61%)
Pf challan shall be goes in S.B.I Bank Before 15th of Month
Thanks
Regards
Arun Gahelot
HR Executive
From India, Delhi
Pf is calculated on employee's basic salary/ (basic+f.d.a)
contribution is 12%-12% both collected compulsary from employee & employer respectively.
Emplyee contribution- employee salary, employer's contribution- (8.33%-eps)(3.67%-epf).
It is depsited in local pf office by challens on monthly basis.
From India, Mumbai
contribution is 12%-12% both collected compulsary from employee & employer respectively.
Emplyee contribution- employee salary, employer's contribution- (8.33%-eps)(3.67%-epf).
It is depsited in local pf office by challens on monthly basis.
From India, Mumbai
Dear Iqbal
Total pf is 15.67% (12% employee side and 3.67% employer side)
Pension fund is (8.33%) it shall be deduct from employer side
pension shall be paid at the time of (Resign, Death Case, Retirement)
Note- (1) minimum servic shall be 10 year to get pension fund
(2) In case when employee attain the age of 58 year
Thanks
Regards
Arun Gahelot
HR Executive
From India, Delhi
Total pf is 15.67% (12% employee side and 3.67% employer side)
Pension fund is (8.33%) it shall be deduct from employer side
pension shall be paid at the time of (Resign, Death Case, Retirement)
Note- (1) minimum servic shall be 10 year to get pension fund
(2) In case when employee attain the age of 58 year
Thanks
Regards
Arun Gahelot
HR Executive
From India, Delhi
Hi,
Please find some of the attachment for PF and
I have made a mistake in one slide that is of contribution plz correct it....
its like 12% on employee PF account
in employer contribution
13.61 this is divided-
12%of basic paid towards employer PF contri goes in 2 part
a) 8.33% to employer pension a/c
b) 3.67% to employer pf contri a/c
1.61% towards admin charges as under
a) 1.1% of basic to PF admin charges
b) 0.5% to EDLI charges
c) 0.01 to EDLI admin charges
Regards
Divya
From India, Bangalore
Please find some of the attachment for PF and
I have made a mistake in one slide that is of contribution plz correct it....
its like 12% on employee PF account
in employer contribution
13.61 this is divided-
12%of basic paid towards employer PF contri goes in 2 part
a) 8.33% to employer pension a/c
b) 3.67% to employer pf contri a/c
1.61% towards admin charges as under
a) 1.1% of basic to PF admin charges
b) 0.5% to EDLI charges
c) 0.01 to EDLI admin charges
Regards
Divya
From India, Bangalore
Hi,
You can use the software "EPF Management Software" from nextechss.com to simplify the calculation and submission of various forms and challan towards the EPFO.
You can download the software from the following link
http://www.nextechss.com/epf30installer.exe
From India, Nagpur
You can use the software "EPF Management Software" from nextechss.com to simplify the calculation and submission of various forms and challan towards the EPFO.
You can download the software from the following link
http://www.nextechss.com/epf30installer.exe
From India, Nagpur
Dear Hr Professional,
Employee Cont to pf.
Pf will be deduct from employee on his basic salary @12%
Employer Cont to Employe
Pf contribution to employee from your company side on his basic
and it will be treated to employee as his total ctc.
Only just u h've to deduct the emp pf from his salary.The deduction to employee will as follows
Basic+hra+con+other=Gross pay
Pf-esic-pt-Other deduction/Advances=net pay
Regards,
Mohammed,
Hr Asst manager
From India, Hyderabad
Employee Cont to pf.
Pf will be deduct from employee on his basic salary @12%
Employer Cont to Employe
Pf contribution to employee from your company side on his basic
Only just u h've to deduct the emp pf from his salary.The deduction to employee will as follows
Basic+hra+con+other=Gross pay
Pf-esic-pt-Other deduction/Advances=net pay
Regards,
Mohammed,
Hr Asst manager
From India, Hyderabad
Dear HR,
Good Afternoon :)!!!
1. PF Deducted (12%) from basic salary of the Employee
2. Principal Employer (Company) Add 12% of basic salary. Company Contribution (12%) devided in two Parts. Many comapanies saw this contribution in overall CTC.
2.1 8.33% in EPS (Emp Pension Scheme)
2.2 3.67% in EPF (Emp Provident Fund)
Note: 8.33% of basic salary subject to maximum of rs.541/- per month is deviated from Compamy's contribution to the EPS 1995.
Total contribution of pf is following for your Knowledge.
PAYMENT OF CONTRIBUTION
A/c – 1 EPF EMPLOYERS 12% + EMPLOYEES 3.67% = 15.67 %
A/c – 2 EPF ADMIN CHARGES 1.10%
A/c – 10 EPS EMPLOYEES 8.33 %
A/c – 21 EDLI 0.50 %
A/c – 22 EDLI ADMIN CHARGES 0.01%
TOTAL = 25.61%
Yes, you can transfer your PF to other Organisation whenever you resigns.
From India, New Delhi
Good Afternoon :)!!!
1. PF Deducted (12%) from basic salary of the Employee
2. Principal Employer (Company) Add 12% of basic salary. Company Contribution (12%) devided in two Parts. Many comapanies saw this contribution in overall CTC.
2.1 8.33% in EPS (Emp Pension Scheme)
2.2 3.67% in EPF (Emp Provident Fund)
Note: 8.33% of basic salary subject to maximum of rs.541/- per month is deviated from Compamy's contribution to the EPS 1995.
Total contribution of pf is following for your Knowledge.
PAYMENT OF CONTRIBUTION
A/c – 1 EPF EMPLOYERS 12% + EMPLOYEES 3.67% = 15.67 %
A/c – 2 EPF ADMIN CHARGES 1.10%
A/c – 10 EPS EMPLOYEES 8.33 %
A/c – 21 EDLI 0.50 %
A/c – 22 EDLI ADMIN CHARGES 0.01%
TOTAL = 25.61%
Yes, you can transfer your PF to other Organisation whenever you resigns.
From India, New Delhi
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls