Dear All, What is the Maximum employer share in PF. can it exceed 12% or not? Please reply as soon as possible. Thanks & regards, Raj
From India, Gurgaon
5From India, Gurgaon
Hi Raj,
According to me it cant be more than 12% and that to employer share of PF will be considered as 3.67% and remaining 8.33% as Pension fund.
For more details visit the website www.epfindia.com
Hope its clear for you, other members correct me if i am wrong........
Regards
Amith R.
From India, Bangalore
According to me it cant be more than 12% and that to employer share of PF will be considered as 3.67% and remaining 8.33% as Pension fund.
For more details visit the website www.epfindia.com
Hope its clear for you, other members correct me if i am wrong........
Regards
Amith R.
From India, Bangalore
Hi,
The employer share need not exceed the standard contribution – 12% or 10% as the case may be. However the employees can opt to contribute more upto 60% of their basic pay, as voluntary contribution. This would result in some amount of administrative overhead or the employer. Even if the employee opts for voluntary contribution at a higher leverl, the employer contribution need not increase.
-----
sree
From India, New Delhi
The employer share need not exceed the standard contribution – 12% or 10% as the case may be. However the employees can opt to contribute more upto 60% of their basic pay, as voluntary contribution. This would result in some amount of administrative overhead or the employer. Even if the employee opts for voluntary contribution at a higher leverl, the employer contribution need not increase.
-----
sree
From India, New Delhi
Hi All Infact Employer Contributes 13.61% and Employee contributes 12% Pls correct if i am wrong. Regards Pushpa
From India, Ludhiana
From India, Ludhiana
Dear Pushpa,
the additional 1.61 % of employer contribution is sum total of admin charges and edli funds no connection with accumulations of employees pf accoount.
one clarification to my earlier comment; employer and employee contributions should be matching in cases where employer contributions is also enhanced to more than 12%. However, when employee contributes at voluntary higher rates employer can restrict its contributions to 12% only.
paresh pathak
From India, Mumbai
the additional 1.61 % of employer contribution is sum total of admin charges and edli funds no connection with accumulations of employees pf accoount.
one clarification to my earlier comment; employer and employee contributions should be matching in cases where employer contributions is also enhanced to more than 12%. However, when employee contributes at voluntary higher rates employer can restrict its contributions to 12% only.
paresh pathak
From India, Mumbai
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
EPF ON LINE REGN. USER MANUAL.pdf