In my PF account amounting to Rs. 450,068.00, my contribution is Rs. 337,946.00, whereas the company's contribution is Rs. 112,121.00. Is this in accordance with the PF calculation formula? I wish to know the exact percentage deduction from the salary and the employer's contribution percentage.
From India, Kanpur
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1From India, Kanpur
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To get the exact details regarding salary, service, EPS, etc., all the necessary information should be provided. However, I can provide a general overview:
1. Employee contribution of 12% will be allocated to EPF.
2. Out of the employer's 12% contribution, 8.33% will be directed to the Pension Fund, and the remaining 3.67% will be allocated to EPF.
Based on the above proportions, the approximate contributions will be Rs. 344,733 from the employee and Rs. 105,335 from the employer to the PF.
Regards,
Abbas.P.S
From India, Bangalore
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1. Employee contribution of 12% will be allocated to EPF.
2. Out of the employer's 12% contribution, 8.33% will be directed to the Pension Fund, and the remaining 3.67% will be allocated to EPF.
Based on the above proportions, the approximate contributions will be Rs. 344,733 from the employee and Rs. 105,335 from the employer to the PF.
Regards,
Abbas.P.S
From India, Bangalore
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PF Pension fund contribution beyond 58 years of age.pdf
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