May I know what is the PF contribution on employers side???????????
From India, Kota
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From India, Kota
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It's the same as employee 12%, but an administrative charge is applied to the total amount, which is 1.61%. The total is calculated as 12% (employee share) + 12% (employer share) + 1.61% (administrative charge) = 25.61%.
Hope this helps you.
From India, Durgapur
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Hope this helps you.
From India, Durgapur
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Dear Gautam and Sonu,
I have received an offer letter from an employer where they have mentioned my basic salary as Rs. 8,333 per month and my PF contribution (from the employer's side) as Rs. 780 per month.
I am confused about how this is possible. Could you please explain?
Thank you.
From India, Kota
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I have received an offer letter from an employer where they have mentioned my basic salary as Rs. 8,333 per month and my PF contribution (from the employer's side) as Rs. 780 per month.
I am confused about how this is possible. Could you please explain?
Thank you.
From India, Kota
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this is becoz the maximum amount for the pf is subject to the maximum of Rs 6500.(basic+da) so the employer may contribute only 12 % of this amount
From India, Thiruvananthapuram
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1From India, Thiruvananthapuram
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Does it means that employer can contribute a max. amount of Rs.780/- only irrespective of the basic pay of the employee????????????
From India, Kota
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From India, Kota
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other wise they need to giv letter to the pf authority regarding the enhqancmnt of the pf limit from 6500
From India, Thiruvananthapuram
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From India, Thiruvananthapuram
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Hi, The upper limit is fixed to Rs 6500*12% however the contribution can be more that 6500 which depende upon emplolyees and employers negotiation at the time of hiring/apprasial. Regards, Harpreet
From India, New Delhi
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From India, New Delhi
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hi so this PF concepts,, who are get salary more than 6500 they are not eligible to get PF that’s right?
From India, Bangalore
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From India, Bangalore
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Hi,
All the employees are eligible for PF facility. Those who are drawing a basic salary of less than or equal to Rs 6500 are mandatory to be covered under PF. All the employees getting more than Rs 6500 basic salary are not mandatory to be covered; however, they can still opt for this facility with the mutual consent of the employer, as the 13.61% also needs to be paid by the employer, which includes administration charges as well. This can be arranged at the time of joining or during the appraisal.
Regards,
Harpreet
From India, New Delhi
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All the employees are eligible for PF facility. Those who are drawing a basic salary of less than or equal to Rs 6500 are mandatory to be covered under PF. All the employees getting more than Rs 6500 basic salary are not mandatory to be covered; however, they can still opt for this facility with the mutual consent of the employer, as the 13.61% also needs to be paid by the employer, which includes administration charges as well. This can be arranged at the time of joining or during the appraisal.
Regards,
Harpreet
From India, New Delhi
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls