Hi, I have a query regarding the deduction of PF. How will the calculation for a/c. no. 2, 21, and 22 be done if Mr. X's basic is Rs. 17,500? Should it be based on Rs. 17,500 or Rs. 6,500? Please suggest.
Regards, Rajesh
From India, Bhopal
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8Regards, Rajesh
From India, Bhopal
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coloum Name of empMr X A Basic (A) - 17500 B ceiling of basic (B) - 6500 C Epf 12% (C ) - &nbs
From India, Mumbai
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From India, Mumbai
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If someone's basic is above Rs. 6500/-, for example, Rs. 7200/-, the employer contribution for Pension Account No. 10 will be 8.33%. For him, 8.33% will be Rs. 600/-. Out of that, Rs. 541/- will be deposited in Account No. 10, and the remaining Rs. 51/- has to be added to Account No. 1.
From India, Pondicherry
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From India, Pondicherry
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If someone is earning above Rs. 6500/-, let's say Rs. 7200/-, then the employer's contribution to the pension account will be 8.33%. For Rs. 7200/-, 8.33% will be Rs. 600/-. Out of this, only Rs. 541/- will be deposited into Account No. 10, as 8.33% of Rs. 6500/- is Rs. 541/-. The remaining amount will be deposited into Account No. 1.
From India, Pondicherry
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From India, Pondicherry
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Hi, Please let me know the following. 1. Maximum Basic Component/Amount for a Director in a Pvt Ltd IT Company 2. Allocation of that Amount for Employer Contribution and EPS. Regards, Surendra
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Hi, can anybody tell me if the breakup of the salary into different components like travel allowance, special allowance, etc., makes any difference technically? I mean to say that if the salary of an employee is 20,000 and it is divided into two parts - one is basic 13k and another HRA 7k, will there be any difference in the tax liability or other salary-related technical points.
It would be of great help if somebody could clarify my doubt.
Regards, Raj
From India, Bhopal
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It would be of great help if somebody could clarify my doubt.
Regards, Raj
From India, Bhopal
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Dear All,
My wife Rimpu Shrivastava had been working with R.P. Buildwell Pvt. Ltd. I feel very unhappy to inform you that my wife has passed away due to a heart attack while in service.
Let me help in getting information on the following:
1) Whether her nominee is entitled to the monthly pension scheme. If yes, how much monthly pension is paid to her nominee.
2) Whether her nominee is entitled to the Employee Deposit Linked Insurance Scheme. If yes, how much amount is paid to her nominee.
3) Whether her nominee is entitled to the capital return of the pension. If yes, how much amount is paid to her nominee.
4) How much EPF amount is paid to her nominee.
The details of the member are given below:
Name: Rimpu Shrivastava
Date of Birth: 28-02-1985
Date of Appointment: 01-04-2007
Date of Death: 28-04-2008
Date of service till death: 30-04-2008
Basic Salary: 3470 per month
Pension wage: 3470
Monthly PF deposit: 416+416 = 832
Your cooperation is highly appreciated by me.
Thanks & warm regards,
Raju Shrivastava
09990152624
Regards
From India, Delhi
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My wife Rimpu Shrivastava had been working with R.P. Buildwell Pvt. Ltd. I feel very unhappy to inform you that my wife has passed away due to a heart attack while in service.
Let me help in getting information on the following:
1) Whether her nominee is entitled to the monthly pension scheme. If yes, how much monthly pension is paid to her nominee.
2) Whether her nominee is entitled to the Employee Deposit Linked Insurance Scheme. If yes, how much amount is paid to her nominee.
3) Whether her nominee is entitled to the capital return of the pension. If yes, how much amount is paid to her nominee.
4) How much EPF amount is paid to her nominee.
The details of the member are given below:
Name: Rimpu Shrivastava
Date of Birth: 28-02-1985
Date of Appointment: 01-04-2007
Date of Death: 28-04-2008
Date of service till death: 30-04-2008
Basic Salary: 3470 per month
Pension wage: 3470
Monthly PF deposit: 416+416 = 832
Your cooperation is highly appreciated by me.
Thanks & warm regards,
Raju Shrivastava
09990152624
Regards
From India, Delhi
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Dear Mr. Raju,
It is very shocking, and no one can compensate for the actual loss. Anyhow, for your query, I am giving my reply according to my knowledge.
1. The nominee is entitled to claim the PF contribution along with the pension claim.
2. The amount of pension will be calculated by the pension department of the RPFC office.
3. Yes, the Employee De-linked Insurance amount, either at the cap level of 62000/- or according to the contribution, whichever is higher, can be claimed by the nominee.
Thanks,
R Shanti
Name: Rimpu Shrivastava
Date of Birth: 28-02-1985
Date of Appointment: 01-04-2007
Date of Death: 28-04-2008
Date of living service: 30-04-2008
Basic Salary: 3470 per month
Pension wage: 3470
Monthly PF deposit: 416+416 = 832
Your cooperation is highly obliged by me.
Thanks & warm regards,
Raju Shrivastava
09990152624
Regards
From India, Mumbai
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It is very shocking, and no one can compensate for the actual loss. Anyhow, for your query, I am giving my reply according to my knowledge.
1. The nominee is entitled to claim the PF contribution along with the pension claim.
2. The amount of pension will be calculated by the pension department of the RPFC office.
3. Yes, the Employee De-linked Insurance amount, either at the cap level of 62000/- or according to the contribution, whichever is higher, can be claimed by the nominee.
Thanks,
R Shanti
Name: Rimpu Shrivastava
Date of Birth: 28-02-1985
Date of Appointment: 01-04-2007
Date of Death: 28-04-2008
Date of living service: 30-04-2008
Basic Salary: 3470 per month
Pension wage: 3470
Monthly PF deposit: 416+416 = 832
Your cooperation is highly obliged by me.
Thanks & warm regards,
Raju Shrivastava
09990152624
Regards
From India, Mumbai
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since she is not having completed her service for 10 years she wont be eligible for pension where as you can claim provident fund and pension amount form PF Office
From India, Pondicherry
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From India, Pondicherry
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PF & Pension Amdmt Scheme 2010 for IW.pdf
Employee Pension Scheme, 1995.doc