Dear Sir Pls tell about pf account no 1 ,10,21,22 pls give discription this calculation
From India, Ahmadabad
From India, Ahmadabad
A/c NO.1 FOR PF IN WHICH EMPLOYEE GIVES 12% OF BASIC+DA N EMPLOYER GIVES 3.67% OF BASIC IT MEANS TOTAL CONTRIBUION IN THIS A/C IS 15.67%
A/C NO.10 FOR PENSION A/C IN THIS A/C EMPLOYER GIVES 8.33% CONTRIBUTION
A/C NO.21 FOR EDLI EMPLOYER GIVES 0.5% OF BASIC
A/C NO. 22 FOR ADMIN CHARGES ON EDLI WHICH IS .01%
From India, Delhi
2A/C NO.10 FOR PENSION A/C IN THIS A/C EMPLOYER GIVES 8.33% CONTRIBUTION
A/C NO.21 FOR EDLI EMPLOYER GIVES 0.5% OF BASIC
A/C NO. 22 FOR ADMIN CHARGES ON EDLI WHICH IS .01%
From India, Delhi
Dear Mr. Kumar........Always note that the Employer Contribution in A/C No.-1 is difference between the total of 12% & 8.33% i.e 3.67%....but in case of deduction of Pf on total salary(Basic +DA) > 6500 would give the amount greater than 3.67% for A/c no.1 because we can't deposit more than Rs.541/- in A/c no.-10.....Hence the employer share in A\c no.1 will be greater than 3.67% of salary.......
From India, New Delhi
From India, New Delhi
is it EDLI means Employee deposite linked insurance scheme. & in the account no.10 in pension scheme employer only deposit Rs541 if employee basic and da is more then Rs.6500 other wise it will be taken only 8.33% of the basic and da
From India, Mumbai
From India, Mumbai
Dear,
A/c No. 1 for PF contribution both Employee share and Employer share.
A/c No. 10 for Employee Pension Fund ( Employer Share)
A/c No. 21 for EDLI (Employer Share)
A/c No. 22 for Admin. charges to EDLI (Employer Share)
From India, Gandhidham
A/c No. 1 for PF contribution both Employee share and Employer share.
A/c No. 10 for Employee Pension Fund ( Employer Share)
A/c No. 21 for EDLI (Employer Share)
A/c No. 22 for Admin. charges to EDLI (Employer Share)
From India, Gandhidham
Thanks for sharing. Good one
Regards,
Reema
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From India, Coimbatore
Regards,
Reema
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls