Dear All, What is the Maximum employer share in PF. can it exceed 12% or not? Please reply as soon as possible. Thanks & regards, Raj
From India, Gurgaon
5From India, Gurgaon
Hi Raj,
According to me it cant be more than 12% and that to employer share of PF will be considered as 3.67% and remaining 8.33% as Pension fund.
For more details visit the website www.epfindia.com
Hope its clear for you, other members correct me if i am wrong........
Regards
Amith R.
From India, Bangalore
According to me it cant be more than 12% and that to employer share of PF will be considered as 3.67% and remaining 8.33% as Pension fund.
For more details visit the website www.epfindia.com
Hope its clear for you, other members correct me if i am wrong........
Regards
Amith R.
From India, Bangalore
Hi,
The employer share need not exceed the standard contribution – 12% or 10% as the case may be. However the employees can opt to contribute more upto 60% of their basic pay, as voluntary contribution. This would result in some amount of administrative overhead or the employer. Even if the employee opts for voluntary contribution at a higher leverl, the employer contribution need not increase.
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sree
From India, New Delhi
The employer share need not exceed the standard contribution – 12% or 10% as the case may be. However the employees can opt to contribute more upto 60% of their basic pay, as voluntary contribution. This would result in some amount of administrative overhead or the employer. Even if the employee opts for voluntary contribution at a higher leverl, the employer contribution need not increase.
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sree
From India, New Delhi
employer can also contribute over and above 12% subject to prior permission from rpfc . it may be noted tht excess contribution by employer will be taxable under it act, 1961. regards paresh pathak
From India, Mumbai
From India, Mumbai
hi Raj,
The maximum contribution from employer for PF is 12%only,
in which employer share of PF will be considered as 3.67%
and remaining 8.33% as Pension fund.
I think you are clear now?
Enjoyeeeeeeeeeeeee :D
Anita
From India, Bangalore
The maximum contribution from employer for PF is 12%only,
in which employer share of PF will be considered as 3.67%
and remaining 8.33% as Pension fund.
I think you are clear now?
Enjoyeeeeeeeeeeeee :D
Anita
From India, Bangalore
Hi All Infact Employer Contributes 13.61% and Employee contributes 12% Pls correct if i am wrong. Regards Pushpa
From India, Ludhiana
From India, Ludhiana
Dear Pushpa,
the additional 1.61 % of employer contribution is sum total of admin charges and edli funds no connection with accumulations of employees pf accoount.
one clarification to my earlier comment; employer and employee contributions should be matching in cases where employer contributions is also enhanced to more than 12%. However, when employee contributes at voluntary higher rates employer can restrict its contributions to 12% only.
paresh pathak
From India, Mumbai
the additional 1.61 % of employer contribution is sum total of admin charges and edli funds no connection with accumulations of employees pf accoount.
one clarification to my earlier comment; employer and employee contributions should be matching in cases where employer contributions is also enhanced to more than 12%. However, when employee contributes at voluntary higher rates employer can restrict its contributions to 12% only.
paresh pathak
From India, Mumbai
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