Out of 12 % of company contribution, 8.33 % on basic salary or maximum Rs 542/- per month goes to Employees Pension Fund as per PF act, 1952 and Employees Pension Scheme, 1995. Remaining 3.67 % on basic salary goes to PF account. What you are seeing in the PF statement under employer's contribution is 3.67 % only on basic salary. Balance contribution has gone to Employees Pension Fund. The amount contributed towards pension fund is remitted every month in your pension account, which is maintained by Regional Provident Fund Commissioner, Bangalore. The PF statement does not contain pension contribution details since it is maintained by PF’s office, Bangalore rgds Anthony.
From United States, Palo Alto
16From United States, Palo Alto
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Circular No 1-2018 Processing of income-tax returns under section 143(1) of the Income-tax Act .pdf
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