Sir,
In my PF account amounting Rs. 450068.00 my contribution is Rs. 337946.00 where as company contribution is Rs. 112121.00 Is it in accordence with PF calculation formula and I wish to know the exact % deduction from the salary and employers contribution %.
From India, Kanpur
1In my PF account amounting Rs. 450068.00 my contribution is Rs. 337946.00 where as company contribution is Rs. 112121.00 Is it in accordence with PF calculation formula and I wish to know the exact % deduction from the salary and employers contribution %.
From India, Kanpur
Dear friends,
To get the exact details the salary details, service details, EPS details etc are to be furnished. However I shall give a general idea.
1) Employee contribution of 12% will go to EPF.
2) Out of the 12% of employer contribution 8.33% will go to Pension Fund and 3.67% will to EPF.
Based on the above ratio, approximate contribution by employee will be Rs.344733/- and employer will be Rs. 105335/- to PF.
Abbas.P.S
From India, Bangalore
To get the exact details the salary details, service details, EPS details etc are to be furnished. However I shall give a general idea.
1) Employee contribution of 12% will go to EPF.
2) Out of the 12% of employer contribution 8.33% will go to Pension Fund and 3.67% will to EPF.
Based on the above ratio, approximate contribution by employee will be Rs.344733/- and employer will be Rs. 105335/- to PF.
Abbas.P.S
From India, Bangalore
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf