Dear Sir Pls tell about pf account no 1 ,10,21,22 pls give discription this calculation
From India, Ahmadabad
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From India, Ahmadabad
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Dear Mr. Kumar,
Always note that the Employer Contribution in A/C No. 1 is the difference between the total of 12% and 8.33%, i.e., 3.67%. However, in the case of the deduction of PF on the total salary (Basic + DA) greater than 6500, it would give an amount greater than 3.67% for A/C No. 1 because we can't deposit more than Rs. 541/- in A/C No. 10. Hence, the employer's share in A/C No. 1 will be greater than 3.67% of the salary.
From India, New Delhi
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Always note that the Employer Contribution in A/C No. 1 is the difference between the total of 12% and 8.33%, i.e., 3.67%. However, in the case of the deduction of PF on the total salary (Basic + DA) greater than 6500, it would give an amount greater than 3.67% for A/C No. 1 because we can't deposit more than Rs. 541/- in A/C No. 10. Hence, the employer's share in A/C No. 1 will be greater than 3.67% of the salary.
From India, New Delhi
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EDLI stands for Employee Deposit Linked Insurance Scheme. In the account number 10 of the pension scheme, the employer only deposits Rs. 541 if the employee's basic and DA is more than Rs. 6,500; otherwise, only 8.33% of the basic and DA will be taken.
From India, Mumbai
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From India, Mumbai
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Employer-PF-res trict to wages of Rs 6500.pdf