The ceiling salary limit on EPF is Rs. 6500. Means upto Rs. 6500 it is mandatory. This include Rs. 6000 or all salaries equal to and less than Rs. 6500.
Beyond ceiling limit the contribution is optional for both employee and employer, subject to the discretion of the Regional PF Commissioner.
Generally the EPF contribution is 12% for both employee and employer. But in some specified areas, it is 10%. Out of the employer contribution 8.33% has to be credited with Pension Fund.
EDLI contribution is 0.5% to be remitted by employer. In addition employer has to pay and administrative charge of 1.1% towards PF account and 0.01% for EDLI.
For exempted PF Trust and in lieu of EDLI, employer need not pay admin charges. But they have to remit Inspection charges to EPF as 0.18% and 0.005% respectively (PF and EDLI).
Abbas.P.S
From India, Bangalore
517Beyond ceiling limit the contribution is optional for both employee and employer, subject to the discretion of the Regional PF Commissioner.
Generally the EPF contribution is 12% for both employee and employer. But in some specified areas, it is 10%. Out of the employer contribution 8.33% has to be credited with Pension Fund.
EDLI contribution is 0.5% to be remitted by employer. In addition employer has to pay and administrative charge of 1.1% towards PF account and 0.01% for EDLI.
For exempted PF Trust and in lieu of EDLI, employer need not pay admin charges. But they have to remit Inspection charges to EPF as 0.18% and 0.005% respectively (PF and EDLI).
Abbas.P.S
From India, Bangalore
Dear All,
Thanks for the information.Mr. AK Arora nice saying-
"Those who tell you it can't be done
have always been around,
but throughout history, progress has always come from
those who said it could be done..".Keep it up.
Regards
Aastha (HR)
From India, Ludhiana
Thanks for the information.Mr. AK Arora nice saying-
"Those who tell you it can't be done
have always been around,
but throughout history, progress has always come from
those who said it could be done..".Keep it up.
Regards
Aastha (HR)
From India, Ludhiana
DEAR
HR folks
I am new in HR . i want some info regarding PF some employers are contributing 13.61 share in this 1.61 is counted s admin charges so its compulsory . n what is the range of contributing more from employee share i mean hw mch salary should be der to increase contribution of emploee share in PF
Can you share some updates about PF
Thank u so mch in advance
From India, Ahmadabad
HR folks
I am new in HR . i want some info regarding PF some employers are contributing 13.61 share in this 1.61 is counted s admin charges so its compulsory . n what is the range of contributing more from employee share i mean hw mch salary should be der to increase contribution of emploee share in PF
Can you share some updates about PF
Thank u so mch in advance
From India, Ahmadabad
How ever as per the legal compliance, as a employer need to pay only up to 6500/- basic pay of an employee, if the employer wants they have to pay much. So if an employer only want to compile govt rule they have to consider only upto 6500 or less whatever the employee basic.
From India, Madras
From India, Madras
The clarification for the Adminexecutive is that the 8.33% of Rs 6500 is the Max Limit (Rs 542) for the Pension Scheme. Rest - 3.67% + the excess of Rs 542 - goes to the EPF. QED! Rajusiachen
From India, Coimbatore
From India, Coimbatore
Dear Ms. Swathi, I suggest you should go through PF Act once and then if you come back with your doubts the discussion will be more fruitful.
From India, Hyderabad
From India, Hyderabad
Employer contribution to PF (including pension scheme) is 12%. In addition employer has to remit 0.5% towards EDLI. Besides either 1.1 + 0.01% (sub total 1.11%) towards admin charges or 0.18 + 0.005% (sub total 0.185%) towards inspection charges, as the case may be, has to be remitted by the employer.
Abbas.P.S
From India, Bangalore
Abbas.P.S
From India, Bangalore
Employee Contribtuion is 12 %. Employer contribution is 13.61 % (including admn., Charges). PF contribution from Employer side can also be restricted upto a maximum limit of Rs. 6500/- per month.
From India, Madras
From India, Madras
Dear All,
Please . . .
P.F. Rate of Contribution is 12% by the Employee on salary, max.on Rs.6500/-P.M.
This is which is clause no or Section no. As per PF Act. Pls. Help me
&
What is a Basic limit of pf deduction purpose ?
& Which is a Clause or Section for 6500/- limit for PF Act.
Thanks . .
Dinesh Bajaniya
M-9974040277
From India, New Delhi
Please . . .
P.F. Rate of Contribution is 12% by the Employee on salary, max.on Rs.6500/-P.M.
This is which is clause no or Section no. As per PF Act. Pls. Help me
&
What is a Basic limit of pf deduction purpose ?
& Which is a Clause or Section for 6500/- limit for PF Act.
Thanks . .
Dinesh Bajaniya
M-9974040277
From India, New Delhi
Hi, can an employer restrict/ cap its PF contribution to Rs. 1800 per month (rS. 1800 per month from Employee + Rs. 1800per month by the employer) even though the basic pay of the employee is significantly high(over 1 lac per month) and the employee is also contributing towards Voluntary PF
From India, Delhi
From India, Delhi
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