Dear Forum,
I have joined as a contract employee for an organization. In the offer letter, it was mentioned that my consolidated salary would be 30k per month. After the 1st payslip is generated, I can see that EPF is deducted as 12%. My question is, is that Employee PF or Employer PF contribution? Does the consolidated salary include Employer PF contribution as well? Please help.
From India, Mumbai
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I have joined as a contract employee for an organization. In the offer letter, it was mentioned that my consolidated salary would be 30k per month. After the 1st payslip is generated, I can see that EPF is deducted as 12%. My question is, is that Employee PF or Employer PF contribution? Does the consolidated salary include Employer PF contribution as well? Please help.
From India, Mumbai
Acknowledge(0)Amend(0)
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf