Hi,
I have PF knowledge that PF is deducted on basic & DA .From Employee side deduction is 12 % on Basic & DA and from Employer side Addition is 13.61% on Basic & DA.,
,
,
,
Under this there is Admin charge (Deduction from Company)Admin Rate is 1.1%,
Pen EDLi is 0.01%,
EDLI is 0.5 % ,
(EDLI-Employer Deposit Link Insurance).Now total PF remain is 24 % then what is 8.33% deduction....,
,
Can anyone help me on this.,
,
Appearing for the interview.What kind of question can be ask from PF and ESI..Who make PF n ESI challans we or PF office Looking for quick response.You can directly mail to
.,
RegardsSaloni
From India, Bangalore
1I have PF knowledge that PF is deducted on basic & DA .From Employee side deduction is 12 % on Basic & DA and from Employer side Addition is 13.61% on Basic & DA.,
,
,
,
Under this there is Admin charge (Deduction from Company)Admin Rate is 1.1%,
Pen EDLi is 0.01%,
EDLI is 0.5 % ,
(EDLI-Employer Deposit Link Insurance).Now total PF remain is 24 % then what is 8.33% deduction....,
,
Can anyone help me on this.,
,
Appearing for the interview.What kind of question can be ask from PF and ESI..Who make PF n ESI challans we or PF office Looking for quick response.You can directly mail to
RegardsSaloni
From India, Bangalore
You are absolutely right about the deduction part. As it goes the same contribution as you have defined, but the employer contribution goes in such manner (12% - 8.33% pension and 3.67% for PF Account). Incase if an employee leaves the company before completion of 6 month, will not be eligible for employer contribution. And if an employee work continuously for the period of 9.5 years will be eligible for Pension Part with interest of 8.5% and if he stops working before the said period, will not be entitled for interest pension.
Hope I am clear.....
From China
Hope I am clear.....
From China
Hi Saloni,
I am enclosing this word document. Hope it might help you to some extent. And the ESI / PF Challans are prepared by the respective corporate offices, they are not prepared by ESI / PF Offices. All the best.
Mahipal
From India, Vadodara
I am enclosing this word document. Hope it might help you to some extent. And the ESI / PF Challans are prepared by the respective corporate offices, they are not prepared by ESI / PF Offices. All the best.
Mahipal
From India, Vadodara
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PF Accounts Details.pdf
Pf details.doc