Get HR Software

Confusion - EPF is 12% by employee &12% by employer = 24% +1% of the basic?


Anonymous
EPF is 12% by employee &12% by employer = 24% +1% of the basic Example 100 rs so deduction 12%+12%=24 - 100 -24= 76 salary to be handed?
From India, Bhubaneswar
Madhu.T.K
4249
No, only 12% of the salary to be deducted from the salary and the other 12% plus the administration charges and EDLI contribution are payable by the employer and thta cannot be deducted from the salary.
From India, Kannur
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.


India, Bhubaneswar
12 May 2023 06.05.26 AM
Views: 282 Replies: 1 Appreciations: 0



Contact Us Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2024 CiteHR ®

All Copyright And Trademarks in Posts Held By Respective Owners.