Hi Ravikumar,
As you mentioned abt contributions of employee and employer are correct. Both are contributing 12%each, which is calculated on Basic salary+DA, subject to the ceiling limit of Rs.6,500 as per act.
It means even if you are getting more than Rs.6,500, they will calculate the contribution on 6500 only. If you are interested to pay more you can opt for that. But employer will calculate on Rs.6,500 only.
I think I mentioned clearly. If I am worng plz correct me.
A.Ravikanth
Mobile:9848294239
e-mail:ravikanth.allanka@gmail.com
From India, Hyderabad
As you mentioned abt contributions of employee and employer are correct. Both are contributing 12%each, which is calculated on Basic salary+DA, subject to the ceiling limit of Rs.6,500 as per act.
It means even if you are getting more than Rs.6,500, they will calculate the contribution on 6500 only. If you are interested to pay more you can opt for that. But employer will calculate on Rs.6,500 only.
I think I mentioned clearly. If I am worng plz correct me.
A.Ravikanth
Mobile:9848294239
e-mail:ravikanth.allanka@gmail.com
From India, Hyderabad
Hi Ravikumar,
Here i am mentioning clearly about Contributions for PF.
Employer 12%
Employee 12%-----(8.33% goes to Pension Scheme)
(remaining 3.67% goes to PF)
So, according to this totally 15.67%
(Employer12%+Employee3.67%) will be in PF.
If you have doubts or if you need to correct me feel free to mail me.
A.Ravikanth
9848294239
From India, Hyderabad
Here i am mentioning clearly about Contributions for PF.
Employer 12%
Employee 12%-----(8.33% goes to Pension Scheme)
(remaining 3.67% goes to PF)
So, according to this totally 15.67%
(Employer12%+Employee3.67%) will be in PF.
If you have doubts or if you need to correct me feel free to mail me.
A.Ravikanth
9848294239
From India, Hyderabad
I'm very much confused about the Provident fund.
Employee's Share is 12% of basic.
Employres Share is 12% of basic out of which (8.33% goes to the Pension and 3.67% goes to the Provident Fund)
Here I'm attaching My Payslip as well as my Senior Colleague's payslip in this you tell the EMPLOYERS SHARE,(EMPLOYERS CONTRIBUTION) THAT HOW MUCH GOES TO THE PF AND PENSION.
PLEASE HELP ME IN THIS REGARD.
Regards,
K. Ravi Kumar.
E-mail: kasinaravikumargmail.com
Ph: 09989111149
From India, Hyderabad
2Employee's Share is 12% of basic.
Employres Share is 12% of basic out of which (8.33% goes to the Pension and 3.67% goes to the Provident Fund)
Here I'm attaching My Payslip as well as my Senior Colleague's payslip in this you tell the EMPLOYERS SHARE,(EMPLOYERS CONTRIBUTION) THAT HOW MUCH GOES TO THE PF AND PENSION.
PLEASE HELP ME IN THIS REGARD.
Regards,
K. Ravi Kumar.
E-mail: kasinaravikumargmail.com
Ph: 09989111149
From India, Hyderabad
Dear Joshi,
I need one clarification regarding employer contribution. i'm totally confused about the employer contribution.
Here with i'm enclosing my payslip and as well as of my colleagues, depend upon that please tell me the contribution of employer.
AND I'M AWAITING FOR YOUR ANSWER.
With regards,
K. Ravi Kumar.
E-mail:
Ph: 09989111149
From India, Hyderabad
I need one clarification regarding employer contribution. i'm totally confused about the employer contribution.
Here with i'm enclosing my payslip and as well as of my colleagues, depend upon that please tell me the contribution of employer.
AND I'M AWAITING FOR YOUR ANSWER.
With regards,
K. Ravi Kumar.
E-mail:
Ph: 09989111149
From India, Hyderabad
Dear sir,
Please find the attachment.
I am confused, for Mr. Rajshekhar naidu basic salary is Rs.11300/- and we paid the PF employee and employer contribution @ 12% is Rs. 1356/- each.
My doubt is:
1. In Combained chellan A/c I and A/c 10 calculation is correct?
2. In form 3A and 6A EPF and Pension Fund amt is correct?
(i calculated in combained challan A/c 1 and A/c 10 of employer share at the basic of 6500/-)
(but in the form 3A and 6A i canculated the EPF and Pension fund at the basic of Rs. 11300/-)
Actually the calculation is based on the basic of Rs.11300/-
Please kindly clear my doubt as soon.
Best regards,
Revu. :-x
From India, Madras
Please find the attachment.
I am confused, for Mr. Rajshekhar naidu basic salary is Rs.11300/- and we paid the PF employee and employer contribution @ 12% is Rs. 1356/- each.
My doubt is:
1. In Combained chellan A/c I and A/c 10 calculation is correct?
2. In form 3A and 6A EPF and Pension Fund amt is correct?
(i calculated in combained challan A/c 1 and A/c 10 of employer share at the basic of 6500/-)
(but in the form 3A and 6A i canculated the EPF and Pension fund at the basic of Rs. 11300/-)
Actually the calculation is based on the basic of Rs.11300/-
Please kindly clear my doubt as soon.
Best regards,
Revu. :-x
From India, Madras
Dear Sir,
I have just joined this HR. Questions and answers displayed are great. Claryfing every doubt about hr related queries.
My query is I am working with organisation in mutual fund from last 16 years. I want to skip the job, how do I calculate my CTC and what are other offerings in the industry today. My age is 39 years. My basic is 18300/-.
From India, Nagpur
I have just joined this HR. Questions and answers displayed are great. Claryfing every doubt about hr related queries.
My query is I am working with organisation in mutual fund from last 16 years. I want to skip the job, how do I calculate my CTC and what are other offerings in the industry today. My age is 39 years. My basic is 18300/-.
From India, Nagpur
Dear Sir,
I am with the organisation from last 16 years. I have self provident fund with organisation where employer is not participating and having pension also where employer is participating. Suppose I decide to leave organisation today, may i will be eligible for pension, if i join other organisation, please guide me.
From India, Nagpur
I am with the organisation from last 16 years. I have self provident fund with organisation where employer is not participating and having pension also where employer is participating. Suppose I decide to leave organisation today, may i will be eligible for pension, if i join other organisation, please guide me.
From India, Nagpur
Dear Kasina Ravikumar,
Your contribution to EPF is Rs. 2101. Out of employer's contribution Rs. 541 (8.33% of 6500, which is ceiling) will go to pension fund and Balance Rs. 1560 to EPF as employer's contribution.
Abbas.P.S
From India, Bangalore
Your contribution to EPF is Rs. 2101. Out of employer's contribution Rs. 541 (8.33% of 6500, which is ceiling) will go to pension fund and Balance Rs. 1560 to EPF as employer's contribution.
Abbas.P.S
From India, Bangalore
Let me put my words it is not 13.91% but it is 13.61 % breakup is In a/c 1 3.67% not actual (actually it is a difference between 12% - 8.33%) then a/c 2 1.1%, a/c 10 8.33%, a/c 21 .5% & a/c 22 is .01% which is equal to 13.61%/
Regards Milan
From India, Pune
Regards Milan
From India, Pune
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc