Hello,
I have received some EPF slips (Distributed by the HR perople). In those receipts there are two columns which states the total employee and employer contribution for the year.
This slip in question is for the year June 2010 to March 2011
During this the Basic Salary was Rs.10,010/-
As a result the Employee contribution at 12% per month is Rs. 1201 which adds up to 12130.
Even in the PF slip the total employees contribution amount matches with this amount of Rs. 12130.
However the total employer contribution amount is mentioned in the slip as Rs.6637.
Is the employer contribution amount is correct, if not please guide. Can some one please explain me how this amount for employers contribution is calculated based on the actual figures explained above.
Note : There is no other ESI etc..is being deducted and submitted by our HR.
Thanking you all in advance
With best wishes..
Bably
From India, Bhatinda
1I have received some EPF slips (Distributed by the HR perople). In those receipts there are two columns which states the total employee and employer contribution for the year.
This slip in question is for the year June 2010 to March 2011
During this the Basic Salary was Rs.10,010/-
As a result the Employee contribution at 12% per month is Rs. 1201 which adds up to 12130.
Even in the PF slip the total employees contribution amount matches with this amount of Rs. 12130.
However the total employer contribution amount is mentioned in the slip as Rs.6637.
Is the employer contribution amount is correct, if not please guide. Can some one please explain me how this amount for employers contribution is calculated based on the actual figures explained above.
Note : There is no other ESI etc..is being deducted and submitted by our HR.
Thanking you all in advance
With best wishes..
Bably
From India, Bhatinda
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Employer Administrative Contribution 2017.pdf
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