Greeting all
Please provide me solution of my problem. Actually I am confuse that in PF A/c no. 21 amount calculated on pension fund wages or pf wages
The situation arises because currently I m working with a colleague
Who calculate amount of a/c no.21on PF wages which is wrong from my view point please provide your valuable feed back
Thanking you
From India, Delhi
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Please provide me solution of my problem. Actually I am confuse that in PF A/c no. 21 amount calculated on pension fund wages or pf wages
The situation arises because currently I m working with a colleague
Who calculate amount of a/c no.21on PF wages which is wrong from my view point please provide your valuable feed back
Thanking you
From India, Delhi
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Percentages are calculated on (Basic Salary + DA)
Employee contribution : (12 %)
Employer Contribution ( 12 % + 1.61 %)
A] 12 % Bifurcation
8.33 % pension fund
3.67 % Provident fund
..............................................
Total 12 %
..................................................
B] 1.61 % Bifurcation
Employees Deposit linked insurance :0.5%
EPF Administrative charges :1.1%
EDLIS Administrative charges : 0.01%.
Account 21: 0.5 % of (Basic+ DA) is paid by the employer towards EDLI Insurance Charges.
Account 22: 0.01 % of (Basic+ DA) is paid by the employer towards EDLI Admin Charges.
Account 2 : 1.1 % % of (Basic+ DA) is paid by the employer towards EPF Charges.
The details of various accounts of PF and detailed info on PF are attached.
Regards/Shweta
From India, Mumbai
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80Employee contribution : (12 %)
Employer Contribution ( 12 % + 1.61 %)
A] 12 % Bifurcation
8.33 % pension fund
3.67 % Provident fund
..............................................
Total 12 %
..................................................
B] 1.61 % Bifurcation
Employees Deposit linked insurance :0.5%
EPF Administrative charges :1.1%
EDLIS Administrative charges : 0.01%.
Account 21: 0.5 % of (Basic+ DA) is paid by the employer towards EDLI Insurance Charges.
Account 22: 0.01 % of (Basic+ DA) is paid by the employer towards EDLI Admin Charges.
Account 2 : 1.1 % % of (Basic+ DA) is paid by the employer towards EPF Charges.
The details of various accounts of PF and detailed info on PF are attached.
Regards/Shweta
From India, Mumbai
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This is correct upto some part. A/c. no. 21 & 22 will be caliculated on Pensionable wage i.e., max Rs.6,500/- only.
From India, Pondicherry
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From India, Pondicherry
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Respected sir / Madam,
i am working a agriculture based organization since one year . also my p.f.deduction form one year.
my p.f. number is MH /124703/1934.i want to know how to show the detail of my Account ..........Please suggest my.
Thanks & Regards,
Mr.Shinde pradip
Mob:- 9921143531
From India, Pune
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i am working a agriculture based organization since one year . also my p.f.deduction form one year.
my p.f. number is MH /124703/1934.i want to know how to show the detail of my Account ..........Please suggest my.
Thanks & Regards,
Mr.Shinde pradip
Mob:- 9921143531
From India, Pune
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Dear Sir/Madam,
Inadvertently, two PF account numbers were allotted to one of our employees who has joined and left our company twice. Please note that we have deposited some amount into his previous account, even after he left.
Narayan Upadhyay
8876525452
From India, Bangalore
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Inadvertently, two PF account numbers were allotted to one of our employees who has joined and left our company twice. Please note that we have deposited some amount into his previous account, even after he left.
Narayan Upadhyay
8876525452
From India, Bangalore
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Hi Folks,
This article is nicely written to explain how statutory compliance works and what calculations are needed to derive them. Take a look.
[4 Statutory Deductions to Consider while running Payroll | FastCollab | Blog](http://www.fastcollab.com/blog/4-statutory-deductions-to-consider-while-running-payroll/)
You can further reach out to the team to understand how an online payroll management tool can make your task easier.
From India, Hyderabad
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This article is nicely written to explain how statutory compliance works and what calculations are needed to derive them. Take a look.
[4 Statutory Deductions to Consider while running Payroll | FastCollab | Blog](http://www.fastcollab.com/blog/4-statutory-deductions-to-consider-while-running-payroll/)
You can further reach out to the team to understand how an online payroll management tool can make your task easier.
From India, Hyderabad
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls