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Dear Premselvi, Employee PF = 12% of basic Employer PF = 12% of basic Employer Contribution Calculation Employer Contribution = 3.67% of basic Employer Pension = 8.33% of basic
From India, Chennai
From India, Chennai
Dear Premselvi, Contribution of employee is 12% and where as for employer it is 13.15% as per latest amendment in the EPFO act. For your reference attaching herewith amendment notification from EPFO.
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf