Dear Respected seniors......,
Plz clarify my doubt regarding pf amount.
if the pf amount fixed on the ceiling 6500 den every employee contributes 780 even they receive basic more than 6500 . But wen the time they receiving pf amount it various employee to employee even they paid 780 means 12% on the ceiling amount 6500. Plz let me know is any other factors can effect the pf ????
would appreciate early respose.
From India, Hyderabad
1Plz clarify my doubt regarding pf amount.
if the pf amount fixed on the ceiling 6500 den every employee contributes 780 even they receive basic more than 6500 . But wen the time they receiving pf amount it various employee to employee even they paid 780 means 12% on the ceiling amount 6500. Plz let me know is any other factors can effect the pf ????
would appreciate early respose.
From India, Hyderabad
Dear Sravaniy,
if employee contributes 780 but at the time of receiving pf amount ,it various employee to employee due to duration & Interest on pf amount according to duration .
also inform you that
12%employee share +12 % employer =24%
At the of distribution it convert in
12% +3.67% =15.67% in Provident fund
8.33% = 8.33% in Pension
Total =24%
From India, Haldwani
if employee contributes 780 but at the time of receiving pf amount ,it various employee to employee due to duration & Interest on pf amount according to duration .
also inform you that
12%employee share +12 % employer =24%
At the of distribution it convert in
12% +3.67% =15.67% in Provident fund
8.33% = 8.33% in Pension
Total =24%
From India, Haldwani
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Steps to transfer PF amount.jpg
PF Amount Balance Check.xls
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