Dear friends,
We detecting PF contribution 12 % from employee side and employer contribution also 12% + admin charge 1.61%.
Regards
Jayabalan.k
From India, Madras
1We detecting PF contribution 12 % from employee side and employer contribution also 12% + admin charge 1.61%.
- How to detracting PF admin charge and when( Every Monthly or Yearly once )
- In employee CTC structure why did not showing the PF admin charge in PF contribuiton.
- I saw many employee offer letters and CTC calculation excel sheets no one mention employer PF admin charge contribution.
- Where we show that employer contribution admin charge(in CTC)
- Why............?
Regards
Jayabalan.k
From India, Madras
Dear Sen sir,,,
As the question is mentioned above that...
in pf section employee part is 12% where as employer part is 12% + 1.61%.
but in ctc we only show 12% of employer part.. than how we adjust 1.61% in salary .. as it is also a cost to company.
Than where we have to show this 1.61%...
how we reach to solution...
Regards
From India, Delhi
As the question is mentioned above that...
in pf section employee part is 12% where as employer part is 12% + 1.61%.
but in ctc we only show 12% of employer part.. than how we adjust 1.61% in salary .. as it is also a cost to company.
Than where we have to show this 1.61%...
how we reach to solution...
Regards
From India, Delhi
Dear Nikita, U will mention in CTC employee contribution 12% and employer contribution 13.61% some if ESIC applicable then emp - 1.75% and employer 4.75%. I think u understand that
From India, Kolkata
From India, Kolkata
Dear Ms. Nikita,
Employee - 12% (Basic, Dearness Allowance, Food concessions and other allowances)
Employer - 13.61%
Contribution:
3.67% - Provident Fund (A/c No.1)
8.33% - Pension Fund (A/c No.10)
0.5% - Employee Direct Linked Insurance Scheme (EDLIS), (A/c No.21)
Administrative Charges:
1.10% of Emoluments - PF Contribution
0.01% of Emoluments - EDLIS
From India, Visakhapatnam
Employee - 12% (Basic, Dearness Allowance, Food concessions and other allowances)
Employer - 13.61%
Contribution:
3.67% - Provident Fund (A/c No.1)
8.33% - Pension Fund (A/c No.10)
0.5% - Employee Direct Linked Insurance Scheme (EDLIS), (A/c No.21)
Administrative Charges:
1.10% of Emoluments - PF Contribution
0.01% of Emoluments - EDLIS
From India, Visakhapatnam
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PF Admin charge changes details.pdf