Employee 12%
(Basic wages, dearness allowance, cash value of food concession, and retaining allowances if any)
Employer 13.61%
Contribution:
3.67% = Provident Fund (A/c No.1)
8.33% = Pension Fund (A/c No.10)
0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges:
1.10% of emoluments = Provident Fund (A/c No.2)
0.01% of emoluments = EDLIS (A/c No.22)
Total 25.61%
From India, Mumbai
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2(Basic wages, dearness allowance, cash value of food concession, and retaining allowances if any)
Employer 13.61%
Contribution:
3.67% = Provident Fund (A/c No.1)
8.33% = Pension Fund (A/c No.10)
0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges:
1.10% of emoluments = Provident Fund (A/c No.2)
0.01% of emoluments = EDLIS (A/c No.22)
Total 25.61%
From India, Mumbai
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sir what are the allowances are included for PF contribution or definition of wages for the PF dediction. ramesh
From India, Madras
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From India, Madras
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Understanding PF Contributions
Please solve my problem. My basic salary is Rs. 41,000. So, what is the PF contribution of employees and employers?
Employee Contribution
- 12% of Basic Salary
= 41,000 * 12% = 4,920
Employer Contribution
- 12.00% Total Contribution:
- 3.67% = Provident Fund (A/c No.1)
- 8.33% = Pension Fund (A/c No.10)
- 0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges
- 1.10% of emoluments = Provident Fund (A/c No.2)
- 0.01% of emoluments = EDLIS (A/c No.22)
Total: 25.61%
From India, Pune
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Please solve my problem. My basic salary is Rs. 41,000. So, what is the PF contribution of employees and employers?
Employee Contribution
- 12% of Basic Salary
= 41,000 * 12% = 4,920
Employer Contribution
- 12.00% Total Contribution:
- 3.67% = Provident Fund (A/c No.1)
- 8.33% = Pension Fund (A/c No.10)
- 0.5% = EDLIS - Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges
- 1.10% of emoluments = Provident Fund (A/c No.2)
- 0.01% of emoluments = EDLIS (A/c No.22)
Total: 25.61%
From India, Pune
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PF Contribution
Please solve my problem. My basic salary is Rs. 41,000. What is the PF contribution of Employees & Employer?
- **Employee Contribution:**
12% = 41,000 * 12% = Rs. 4,920
- **Employer Contribution:**
Someone told me, can this be right?
3.67% = Provident Fund (A/c No.1) Rs. 4,379 (4,920 - 541 = 4,379)
8.33% = Pension Fund (A/c No.10) Rs. 541 (on Rs. 6,500 * 8.33%)
Thank you.
From India, Pune
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Please solve my problem. My basic salary is Rs. 41,000. What is the PF contribution of Employees & Employer?
- **Employee Contribution:**
12% = 41,000 * 12% = Rs. 4,920
- **Employer Contribution:**
Someone told me, can this be right?
3.67% = Provident Fund (A/c No.1) Rs. 4,379 (4,920 - 541 = 4,379)
8.33% = Pension Fund (A/c No.10) Rs. 541 (on Rs. 6,500 * 8.33%)
Thank you.
From India, Pune
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Employer-PF-res trict to wages of Rs 6500.pdf
Employee Benefits.doc