Respected Seniors and Juniors,
Please help me out to differentiate the treatment of EPF and Pension Challans
What are the formats and what are the applicability of pension challan
I will be very grateful to you.
Thanks and Regards
Vikas Kumar
From India, New Delhi
15Please help me out to differentiate the treatment of EPF and Pension Challans
What are the formats and what are the applicability of pension challan
I will be very grateful to you.
Thanks and Regards
Vikas Kumar
From India, New Delhi
Hi,
There is no separate challans for remittance of EPF contribution and Pension contribution. EPF contributions (12% + 3.67%) are shown under A/c.No.1 of the challan and Pension contribution(8.33%) ie shown under A/c.No.10.
Regards
reebi
From India, Pune
There is no separate challans for remittance of EPF contribution and Pension contribution. EPF contributions (12% + 3.67%) are shown under A/c.No.1 of the challan and Pension contribution(8.33%) ie shown under A/c.No.10.
Regards
reebi
From India, Pune
dear vikas
reebi is correct there is no seprate challans for P F And Pension.there is one challan only having 5 accounts
account no 1-----15.67%
accont no 2------1.1%
account no10----8.33%
account no 21---.5%
account no 22---.01%
now it will be clear to you regarding challans.
regarding your qurey for wages for pension and PF.
if your basic and DA is upto Rs6500per month this act is applicable for you but if salary is more than this than this act is not applicable.but it is benificial legislation and some employer gives PF if your salary crosses 6500.
take example if your wages is 10000 and employer deduct 12% from your salary than it 1200 and employer pays 12% from his side again 1200 but amount deposited in pension will be only 8.33 % of 6500 rest all will go to pf.
i think it will clear your doubt.
tks
j s malik
From India, Delhi
reebi is correct there is no seprate challans for P F And Pension.there is one challan only having 5 accounts
account no 1-----15.67%
accont no 2------1.1%
account no10----8.33%
account no 21---.5%
account no 22---.01%
now it will be clear to you regarding challans.
regarding your qurey for wages for pension and PF.
if your basic and DA is upto Rs6500per month this act is applicable for you but if salary is more than this than this act is not applicable.but it is benificial legislation and some employer gives PF if your salary crosses 6500.
take example if your wages is 10000 and employer deduct 12% from your salary than it 1200 and employer pays 12% from his side again 1200 but amount deposited in pension will be only 8.33 % of 6500 rest all will go to pf.
i think it will clear your doubt.
tks
j s malik
From India, Delhi
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EPF Pension.xls