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
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6From India, Gurgaon
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Hi Raj,
According to me, it can't be more than 12%. The employer's share of PF will be considered as 3.67%, and the remaining 8.33% will go to the Pension fund.
For more details, visit the website www.epfindia.com.
Hope it's clear for you. Other members, please correct me if I am wrong.
Regards,
Amith R.
From India, Bangalore
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According to me, it can't be more than 12%. The employer's share of PF will be considered as 3.67%, and the remaining 8.33% will go to the Pension fund.
For more details, visit the website www.epfindia.com.
Hope it's clear for you. Other members, please correct me if I am wrong.
Regards,
Amith R.
From India, Bangalore
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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
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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
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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
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From India, Mumbai
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Hi Raj,
The maximum contribution from the employer for PF is 12% only. In this, the employer's share of PF will be considered as 3.67%, and the remaining 8.33% will go towards the Pension fund. I hope this clarifies it for you.
Enjoy! :D
Anita
From India, Bangalore
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The maximum contribution from the employer for PF is 12% only. In this, the employer's share of PF will be considered as 3.67%, and the remaining 8.33% will go towards the Pension fund. I hope this clarifies it for you.
Enjoy! :D
Anita
From India, Bangalore
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Hi All Infact Employer Contributes 13.61% and Employee contributes 12% Pls correct if i am wrong. Regards Pushpa
From India, Ludhiana
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From India, Ludhiana
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Dear Pushpa,
The additional 1.61% of employer contribution is the sum total of admin charges and EDLI funds and has no connection with the accumulations of employees' PF account.
One clarification to my earlier comment: employer and employee contributions should match in cases where the employer contribution is also enhanced to more than 12%. However, when an employee contributes at voluntary higher rates, the employer can restrict its contributions to 12% only.
Paresh Pathak
From India, Mumbai
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The additional 1.61% of employer contribution is the sum total of admin charges and EDLI funds and has no connection with the accumulations of employees' PF account.
One clarification to my earlier comment: employer and employee contributions should match in cases where the employer contribution is also enhanced to more than 12%. However, when an employee contributes at voluntary higher rates, the employer can restrict its contributions to 12% only.
Paresh Pathak
From India, Mumbai
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PF Pension fund contribution beyond 58 years of age.pdf