Provident Fund Payment

What are the rates (Percentages) paid as Employer's Share of PF in A/C No.1, A/C No.10 & A/C NO.21

Questions by rvengatesh

Editorial / Best Answer

Dinu Raj  

  • Member Since Jan-2010 | Jan 23rd, 2010


PF Employer contribution
12% of Basic+DA+1.61%
Out of this 12%
3.67% will go to Povident Fund (Ac No: 1)
8.33% will go to  Pension Fund ( Ac No: 10)

And
1.61% on PF contribution is Bifurcated into 3 parts

1.1%  Admin charges
0.01% Admin on EDLI
0.5% EDLI

PF Employee Contribution

12% of Basic+DA
Entair amount will deposited to PF (Ac NO: 1)
Employee can make higher contribution but he can't contribute less than employers contribution.

Showing Answers 1 - 1 of 1 Answers

PF is mandatory to the employer who recruit the employee more than 20. The calculation for the PF 12% on the basic which will be deducted from the employee salary & the same the Employer.

Dinu Raj

  • Jan 23rd, 2010
 

PF Employer contribution
12% of Basic+DA+1.61%
Out of this 12%
3.67% will go to Povident Fund (Ac No: 1)
8.33% will go to  Pension Fund ( Ac No: 10)

And
1.61% on PF contribution is Bifurcated into 3 parts

1.1%  Admin charges
0.01% Admin on EDLI
0.5% EDLI

PF Employee Contribution

12% of Basic+DA
Entair amount will deposited to PF (Ac NO: 1)
Employee can make higher contribution but he can't contribute less than employers contribution.

Puran

  • Aug 23rd, 2011
 

Hi it is
12% in account no.1
8.33% in account no.10
1.1% in account no 21
0.5% in accunt no 20
0.01% in account no. 21
regards
Puran Dangwal

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AMLAN

  • Sep 4th, 2011
 

The answer given by u is right except the A/c no. 21 will get .5% not .05%

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Fundiswa Pikoli

  • Sep 5th, 2011
 

11% and 4%

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Arvapally K

  • Sep 10th, 2011
 

Provident Fund Payment from employ 2.5 and employer 2.5 on basic salary totally 5%

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Harshini

  • Nov 13th, 2014
 

There is no splits in Employee contribution, but there is a split up in Employees contribution. that is
Employer contribution splits into: EPF(Employees Provident Fund )(Basic ACT 1) is 3.67%,
Employees Pension Fund(wages ACT 10) is 8.33%
EDLI(Employees Deposit Linked Insurance)(wages ACT 21) is 0.5%
EPF admin Charges(Basic ACT 2) is 1.1%
EDLIS Admin charges(wages ACT 22) is 0.01%

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