can any tell me what are the accounts related to provident fund????????? and whats the logic behind restriction of employer contribution to Rs.6500 ????
From India, Calcutta
From India, Calcutta
Dear Debasis,
Please do a quick search on "Provident Fund". Both your queries have been covered before.
I hope this helps. In case of further doubts, you can address it to the forum.
Regards,
Anuradha
From India, Pune
5Please do a quick search on "Provident Fund". Both your queries have been covered before.
I hope this helps. In case of further doubts, you can address it to the forum.
Regards,
Anuradha
From India, Pune
thanks Anuradha,
Actually I am new to the forum, so I am finding it difficult to gather information fro the site. I have sorted out the problem relating to restriction of Rs.6500.
But the other one i.e. the various account to which the contribution to be deposited the end of the period ,I still have doubt on that. I would like to have a help on that.
with regards
debasish das
From India, Calcutta
Actually I am new to the forum, so I am finding it difficult to gather information fro the site. I have sorted out the problem relating to restriction of Rs.6500.
But the other one i.e. the various account to which the contribution to be deposited the end of the period ,I still have doubt on that. I would like to have a help on that.
with regards
debasish das
From India, Calcutta
Dear Debashis
In PF Main deduction is Employers and Employees.
a) Employees is 12 % of the basic.
b) Of employer 12 % its is broken into 8.33 % to Pension Scheme and 3.67% to Provident fund.
c) The there is Employee Deposite Link Insurance scheme to which only Employer Contribute is 0.5% of the PF Salary.
d) The their are administrative charge are of two type PF Administartive Charges 1.10% and EDLI Adminstrative charges 0.01%.
c) Incase your Company have own PF trust then you don't have to pay administrative charges, the you are charged Inspection Chargers 0.18%.
Thanks & Regards
Amal Shere
From India, Mumbai
In PF Main deduction is Employers and Employees.
a) Employees is 12 % of the basic.
b) Of employer 12 % its is broken into 8.33 % to Pension Scheme and 3.67% to Provident fund.
c) The there is Employee Deposite Link Insurance scheme to which only Employer Contribute is 0.5% of the PF Salary.
d) The their are administrative charge are of two type PF Administartive Charges 1.10% and EDLI Adminstrative charges 0.01%.
c) Incase your Company have own PF trust then you don't have to pay administrative charges, the you are charged Inspection Chargers 0.18%.
Thanks & Regards
Amal Shere
From India, Mumbai
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc