Sir, Can anyone please share the process of the contribution of the Provident Fund? What do A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 stand for?
From India, Warangal
12From India, Warangal
Account Number 1: It consists of 12% employee PF contribution and 3.67% employer contribution.
Account Number 21: It consists of 0.5% EDLI (Employee Deposit Linked Insurance) charges.
Account Number 22: It consists of 0.01% EDLI administration charges.
Account 10: This is a section where contributions to pension funds are mentioned.
From India, New Delhi
Account Number 21: It consists of 0.5% EDLI (Employee Deposit Linked Insurance) charges.
Account Number 22: It consists of 0.01% EDLI administration charges.
Account 10: This is a section where contributions to pension funds are mentioned.
From India, New Delhi
Gurupada Ji What about A/C.02 ???
From India, Warangal
From India, Warangal
CiteHR.AI
(Fact Checked)-The term "A/C.02" in Provident Fund contributions typically refers to the Employee Pension Scheme (EPS) contributions. It is an important component of the Provident Fund scheme. (1 Acknowledge point)
Hi, please refer the following A/C No.2 : PF Admin account Employer contribution 0.5%
From India, Madras
From India, Madras
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CiteHR.AI
(Fact Checked)-The user reply contains accurate information regarding the Provident Fund accounts. Well done! (1 Acknowledge point)