Dear Freinds
I want to know follwing details :
1.What persent of employers contribution goes to PF and What goes to Pension scheme?
2.Do goverment add some amount to employers contribution on pension scheme?
3.How is Interst on PF and penison scheme calculated .If there is any spreadhseet for same please upload it or send to
4.How to get details on our contribution to pension scheme from pf office as we never recived any reciept from them.
Thanks for your suuport and suggest
Rgds
Dharmesh Panchal
9930373190
From India, Mumbai
I want to know follwing details :
1.What persent of employers contribution goes to PF and What goes to Pension scheme?
2.Do goverment add some amount to employers contribution on pension scheme?
3.How is Interst on PF and penison scheme calculated .If there is any spreadhseet for same please upload it or send to
4.How to get details on our contribution to pension scheme from pf office as we never recived any reciept from them.
Thanks for your suuport and suggest
Rgds
Dharmesh Panchal
9930373190
From India, Mumbai
Dear Dharmesh Panchal,
Normally 12% from employee side and 12% from employer side will go to EPF. Out of this, 8.33% from employer (subject to a present ceiling of Rs. 541) will go to pension fund and the remaining portion will go to his individual PF account. In addition, Government of India will contribute 1.16% to pension fund.
Regarding PF interest calculation, it is monthly compounding and round to nearest rupee. However I shall insert an Excel Sheet in this regard. You extend the rows (as per your requirement) and enter the the salary applicable for PF.
ABBAS.P.S, ITI LTD, PALAKKAD -678 623
Ph. +91 9447 467 667
From India, Bangalore
517Normally 12% from employee side and 12% from employer side will go to EPF. Out of this, 8.33% from employer (subject to a present ceiling of Rs. 541) will go to pension fund and the remaining portion will go to his individual PF account. In addition, Government of India will contribute 1.16% to pension fund.
Regarding PF interest calculation, it is monthly compounding and round to nearest rupee. However I shall insert an Excel Sheet in this regard. You extend the rows (as per your requirement) and enter the the salary applicable for PF.
ABBAS.P.S, ITI LTD, PALAKKAD -678 623
Ph. +91 9447 467 667
From India, Bangalore
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PF & Pension Amdmt Scheme 2010 for IW.pdf