Question no. 1 regarding PF:
The formula applied in the Excel sheet for an employee contribution of 12% is PF@12% of 15000/basic. Should I calculate it as 12% of 15000 even if the basic is 20k or 25k?
Question no. 2 regarding Payroll:
Please share the Excel sheet in which the formula is already applied for employee and employer PF contributions as per the current total percentage of the employee, i.e., 12%, and for the employer.
Question no. 3 regarding PF:
After the amendments in the PF employer contribution in April, what is the total percentage on which employer contribution calculation has to be done? If it's 13% or 13.16%, what are the breakup values of EPF, EPS, EDLI, admin charges, etc.?
From India, Delhi
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1The formula applied in the Excel sheet for an employee contribution of 12% is PF@12% of 15000/basic. Should I calculate it as 12% of 15000 even if the basic is 20k or 25k?
Question no. 2 regarding Payroll:
Please share the Excel sheet in which the formula is already applied for employee and employer PF contributions as per the current total percentage of the employee, i.e., 12%, and for the employer.
Question no. 3 regarding PF:
After the amendments in the PF employer contribution in April, what is the total percentage on which employer contribution calculation has to be done? If it's 13% or 13.16%, what are the breakup values of EPF, EPS, EDLI, admin charges, etc.?
From India, Delhi
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1. Yes you can calculate on 20k or 25k, if this is the basic salary for employees. 3. Its 13.61% EPF 4.33% EPS 8.33% EDLI .5% EDLI admin charges 0.01% EPF Admin Charge 1.1
From India, Mohali
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From India, Mohali
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf