Answered Questions

  • 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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    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.

    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%