Hi Everyone I am seeking job as an HR. In an interview, an interviewer asked me, What is the Employer pf contribution now?? Is it 13.36% or something else?
From India, Mumbai
2From India, Mumbai
Dear friends,
Employer contribution is 12% on employee salary. This include 8.33% contribution to Pension Scheme. In addition to this Employer has to pay 0.85% as admin charge, 0.5% as EDLI and .01 as EDLI admin charges. 12+0.85+0.5+0.01 = 13.36%
Abbas.P.S
From India, Bangalore
Employer contribution is 12% on employee salary. This include 8.33% contribution to Pension Scheme. In addition to this Employer has to pay 0.85% as admin charge, 0.5% as EDLI and .01 as EDLI admin charges. 12+0.85+0.5+0.01 = 13.36%
Abbas.P.S
From India, Bangalore
Rightly said by Mr Abbas. There s no any changes as of now. Still the same contribution is continuing
From India, Bangalore
From India, Bangalore
Hi Abbas,
PF deduction from me(employee) is 12.36% of basic salary, and as per my knowledge company(employer) will be contributing the same amount towards my PF account am i right?
Recently i joined one of the company there they are deducting both employee and employer contribution from my salary only.. do you have any idea about this? Please clear me
From India, Lucknow
PF deduction from me(employee) is 12.36% of basic salary, and as per my knowledge company(employer) will be contributing the same amount towards my PF account am i right?
Recently i joined one of the company there they are deducting both employee and employer contribution from my salary only.. do you have any idea about this? Please clear me
From India, Lucknow
Hi Arun
PF contribution from both EE & ER is 12% + 12 % only. its not 12.36%. But for ER apart from the 12% contribution there is admin charges of 1.36% so for ER we will consider as 12%+1.36%=13.36%
As you said many companies are following as they include both EE & ER contribution into their CTC but not on the gross salary
From India, Bangalore
PF contribution from both EE & ER is 12% + 12 % only. its not 12.36%. But for ER apart from the 12% contribution there is admin charges of 1.36% so for ER we will consider as 12%+1.36%=13.36%
As you said many companies are following as they include both EE & ER contribution into their CTC but not on the gross salary
From India, Bangalore
Dear Rmidnight,
Yes Total PF contribution from Employer side is 13.36 %
it Induces
PF Account - 3.67 %
Pension Accounts -8.33%
EDLI Account - 0.50 %
EDLI Admin Account - 0.01%
PF Admin. Account -0.85 %
if you make total it will be -13.36%
From India, Mumbai
Yes Total PF contribution from Employer side is 13.36 %
it Induces
PF Account - 3.67 %
Pension Accounts -8.33%
EDLI Account - 0.50 %
EDLI Admin Account - 0.01%
PF Admin. Account -0.85 %
if you make total it will be -13.36%
From India, Mumbai
Hi, Side of Employee 12% Side of Employer 13.36% PF Account - 3.67 % Pension Accounts -8.33% EDLI Account - 0.50 % EDLI Admin Account - 0.01% PF Admin. Account -0.85 % Regards, Ubaid R.
From India, Mumbai
From India, Mumbai
Hi folks!
As many of you mentioned that the contribution of employer is 13.36%, but I know that the contribution of employer is 13.61%. The break up is delineated below:
EPF- 3.67% + EPS- 8.33% + EDLI- 0.5% + EPF & EPS Administrative Charges- 1.1% + EDLI Admin. Charges- 0.01% = 13.61% (Total).
Is this break up correct or wrong? Would you please tell me?
I've one more question.
If an employee withdraws her/his PF before the age of 58 then how much amount or percentage will be deducted from the PF a/c?
From India, Kolkata
As many of you mentioned that the contribution of employer is 13.36%, but I know that the contribution of employer is 13.61%. The break up is delineated below:
EPF- 3.67% + EPS- 8.33% + EDLI- 0.5% + EPF & EPS Administrative Charges- 1.1% + EDLI Admin. Charges- 0.01% = 13.61% (Total).
Is this break up correct or wrong? Would you please tell me?
I've one more question.
If an employee withdraws her/his PF before the age of 58 then how much amount or percentage will be deducted from the PF a/c?
From India, Kolkata
Hi Piyali
Your calculation is not correct. Admin charges account 2 is been revised from 1.1% to 0.85%
So total is 12% from EE
125 from ER (8.33% as EPS + 3.67% as EPF)
Admin charges account no. 2 is 0.85%
EDLI charges account no. 21 is 0.50%
EDLI Admin charges account no. 22 is 0.01%
Now if any employee withdraws PF then they will get only EE contribution
From India, Bangalore
Your calculation is not correct. Admin charges account 2 is been revised from 1.1% to 0.85%
So total is 12% from EE
125 from ER (8.33% as EPS + 3.67% as EPF)
Admin charges account no. 2 is 0.85%
EDLI charges account no. 21 is 0.50%
EDLI Admin charges account no. 22 is 0.01%
Now if any employee withdraws PF then they will get only EE contribution
From India, Bangalore
Dear All,
PF total contribution share is 25.36% and please find following details for your perusal and record.
A/c - 1 - 12% (Employee Share) PF
A/c - 1 - 3.67% (Employer share) PF
A/c - 2 - 0.85% (Employer Share) Admin charges
A/c - 10 - 8.33% (Employer Share) Pension
A/c - 21 - 0.50% ( Employer Share) EDLI
A/c - 22 - 0.01% (Employer Share) EDLI Admin chares
Aside Ms / Mrs. Piyali, PF admin charegs under a/c - 2 had revised and reduced from 1.10% to 0.85% from January' 2015.
Thanks & Regards
Ashish Shaw
ashishshow"at"gmail"dotcom"
From India, Kolkata
PF total contribution share is 25.36% and please find following details for your perusal and record.
A/c - 1 - 12% (Employee Share) PF
A/c - 1 - 3.67% (Employer share) PF
A/c - 2 - 0.85% (Employer Share) Admin charges
A/c - 10 - 8.33% (Employer Share) Pension
A/c - 21 - 0.50% ( Employer Share) EDLI
A/c - 22 - 0.01% (Employer Share) EDLI Admin chares
Aside Ms / Mrs. Piyali, PF admin charegs under a/c - 2 had revised and reduced from 1.10% to 0.85% from January' 2015.
Thanks & Regards
Ashish Shaw
ashishshow"at"gmail"dotcom"
From India, Kolkata
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Employer-PF-res trict to wages of Rs 6500.pdf