Can anybody help me out of this? I have started working in a startup and am experiencing some confusion regarding PF deductions after checking my PF passbook in my UAN account.
This was my Employer PF Deduction & deposit in PF Account:
- May: 1581 (Deducted) - 427 (Deposited)
- June: 1837 (Deducted) - 495 (Deposited)
- July: 2042 (Deducted) - 550 (Deposited)
- August: 2042 (Deducted) - 550 (Deposited)
Each month, approximately 27% of the deduction is being added to my PF account. Is this a rule, or are they cheating me? Please help me understand what to do in this case.
Thank you.
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This was my Employer PF Deduction & deposit in PF Account:
- May: 1581 (Deducted) - 427 (Deposited)
- June: 1837 (Deducted) - 495 (Deposited)
- July: 2042 (Deducted) - 550 (Deposited)
- August: 2042 (Deducted) - 550 (Deposited)
Each month, approximately 27% of the deduction is being added to my PF account. Is this a rule, or are they cheating me? Please help me understand what to do in this case.
Thank you.
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deduction does not mean only PF, there are ESI/Profession Tax /TDS also EPF is deducted 12% of Basic+DA from the employee , check you pay slip for calculation
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Hi Ankita may be in CTC they would have declared as you said, I mean both EE & ER contribution and Admin charges would have been deducted. Once again is it not 27% its 12+12+1.36% = 25.36%
From India, Bangalore
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From India, Bangalore
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Hi,
My salary slip includes Employer PF in CTC. Then they are showing the same amount as Employer PF in deduction. However, the PF Deposit of the Employer is around 27% of the Employer Deducted amount, and the Employee contribution is the same as written in the salary slip.
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My salary slip includes Employer PF in CTC. Then they are showing the same amount as Employer PF in deduction. However, the PF Deposit of the Employer is around 27% of the Employer Deducted amount, and the Employee contribution is the same as written in the salary slip.
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Hi,
My salary slip includes Employer PF in CTC. Then they are showing the same amount as Employer PF in deduction. However, the PF deposit of ER is around 27% of ER deducted, and EE is the same as written in the salary slip.
Also, there are other deductions mentioned separately than ER - PT, Gratuity, Medi Claim.
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My salary slip includes Employer PF in CTC. Then they are showing the same amount as Employer PF in deduction. However, the PF deposit of ER is around 27% of ER deducted, and EE is the same as written in the salary slip.
Also, there are other deductions mentioned separately than ER - PT, Gratuity, Medi Claim.
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Employer-PF-res trict to wages of Rs 6500.pdf