Hi friends,
We all get a little confused with PF. Here are some questions and answers related to the PF act in the form of Q&A. Along with that, I am attaching different forms of PF.
Regards,
Divya
From India, Bangalore
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13We all get a little confused with PF. Here are some questions and answers related to the PF act in the form of Q&A. Along with that, I am attaching different forms of PF.
Regards,
Divya
From India, Bangalore
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Good. Very informative. You may add one more question 'PF deduction is required for leave encashment?'.
From India, Hyderabad
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From India, Hyderabad
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Good one. Two corrections are required:
1. Deduction is on basic wages and DA, not on basic only. Moreover, the definition of basic wages is provided in the EPF and MP Act, which needs to be followed.
2. Pension contribution is mandated at 8.33% from the employer's share of contribution, not the employee's share.
Dear all, EPFO has its website [EPFO](http://www.epfindia.gov.in) which has all the requisite information.
From India, Delhi
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1. Deduction is on basic wages and DA, not on basic only. Moreover, the definition of basic wages is provided in the EPF and MP Act, which needs to be followed.
2. Pension contribution is mandated at 8.33% from the employer's share of contribution, not the employee's share.
Dear all, EPFO has its website [EPFO](http://www.epfindia.gov.in) which has all the requisite information.
From India, Delhi
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Hi Divya,
It is very useful information. Can you please send me information on Payroll Management and how we calculate the salary components like HR, Basic? Please provide examples. You can also reach me on my mobile at 9989641672.
Thank you.
From India, Kochi
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It is very useful information. Can you please send me information on Payroll Management and how we calculate the salary components like HR, Basic? Please provide examples. You can also reach me on my mobile at 9989641672.
Thank you.
From India, Kochi
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Hi friends,
Thank you all. I have made a mistake in one slide that is of contribution, please correct it. It's like 12% on the employee PF account in employer contribution.
13.61% is divided as follows:
- 12% of basic paid towards employer PF contribution goes into two parts:
a) 8.33% to the employer pension account
b) 3.67% to the employer PF contribution account
- 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
Please correct me if there are any other errors.
Regards,
Divya
From India, Bangalore
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Thank you all. I have made a mistake in one slide that is of contribution, please correct it. It's like 12% on the employee PF account in employer contribution.
13.61% is divided as follows:
- 12% of basic paid towards employer PF contribution goes into two parts:
a) 8.33% to the employer pension account
b) 3.67% to the employer PF contribution account
- 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
Please correct me if there are any other errors.
Regards,
Divya
From India, Bangalore
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Hi Divya,
It's a very useful document that you have shared, thank you for the same. I request you to share ESI, CLRA, and S&E act documents in the same way, if possible.
Thanks & Best Regards,
Dasharath Rao
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It's a very useful document that you have shared, thank you for the same. I request you to share ESI, CLRA, and S&E act documents in the same way, if possible.
Thanks & Best Regards,
Dasharath Rao
Acknowledge(0)Amend(0)Join Our Community and get connected with the right people who can help. Our AI-powered platform provides real-time fact-checking, peer-reviewed insights, and a vast historical knowledge base to support your search.
Forms & Registers Andhra Pradesh Shops & Establishments Act 1988 & Rules 1990.xls
PF FORMS.zip