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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
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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.
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%, ...
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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