Payroll - Provident Fund Payment

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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

Total Answers and Comments: 5

Last Update: September 02, 2009 Asked by: rvengatesh

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Best Rated Answer

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Submitted by: brijesh152

12 % of Basic Salary of Empolyee's Share
12% of basic salary paid by Employer

Total 24 % deposit in Employee's PF account

Above answer was rated as good by the following members:
lathamurthy97, Monika Malhotra, sekharvmba

September 05, 2008 12:54:09

avinash1986

Member Since: September 2008 Contribution: 1

RE: Provident Fund Payment

The amount which is deducted from your salary every month with fixed percentage and it will return back to you when you leave company after becoming permanent employee.

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Overall Rating: +1

December 11, 2008 02:08:37

brijesh152

Member Since: December 2008 Contribution: 1

RE: Provident Fund Payment

12 of Basic Salary of Empolyee's Share
12 of basic salary paid by Employer

Total 24 deposit in Employee's PF account

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Overall Rating: +2

February 03, 2009 07:13:58

ketavarapu

Member Since: June 2007 Contribution: 11

RE: Provident Fund Payment

A/c No.1 3.67 on total wages due

A/c No.10 8.33 on total wages due

A/c No.21 0.5 on total wages due

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July 02, 2009 09:20:08

koteswararao.m

Member Since: July 2009 Contribution: 1

RE: Provident Fund Payment

A/c no-1 15.667

A/c no-10 8.333

A/C No-21 0.5

A/C No-2 1.1

A/C no-22 0.01

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September 02, 2009 04:37:05

neelam bala

Member Since: September 2009 Contribution: 1

RE: Provident Fund Payment

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.

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