Dear Seniors, Kindly find attached salary sheet and pls check and confirm PF calculation is correct or not. If not correct pls guide me. Thanks & Best Regards,
From India, Chennai
24From India, Chennai
Your sheet seems to be perfect Mr. Sharma.
However, I have one suggestion. Why don't you increase the basic / any of the other component of those associates for which ESIC is applicable and move them out of ESIC list ? (it is advisable to increase any other component & not basic so that it does not have any effect on the pf).
Regards,
AB
From India, Mumbai
However, I have one suggestion. Why don't you increase the basic / any of the other component of those associates for which ESIC is applicable and move them out of ESIC list ? (it is advisable to increase any other component & not basic so that it does not have any effect on the pf).
Regards,
AB
From India, Mumbai
Dear Ms.Sharma, HR,
I have noticed mistakes in your calculation.1) For a salary of Rs. 193142, how 12% contribution will become 19217 & 1.1% become 2125? 2) Salary for Pension scheme and EDLI are seems different. Have you opted pension for salary beyond ceiling? If not, these amounts should be equal.
Abbas.P.S
From India, Bangalore
I have noticed mistakes in your calculation.1) For a salary of Rs. 193142, how 12% contribution will become 19217 & 1.1% become 2125? 2) Salary for Pension scheme and EDLI are seems different. Have you opted pension for salary beyond ceiling? If not, these amounts should be equal.
Abbas.P.S
From India, Bangalore
Dear Ms.Sharma, HR, For a salary of Rs. 193142, 1.1% is 2125, which is correct. Abbas.P.S
From India, Bangalore
From India, Bangalore
Dear Ms.Sharma, HR,
For a salary of Rs. 10000,
Employee contribution (12%) - 12000
Employer contribution (3.67%) - 367
EPS (pension) contribution (8.33%) - 833
Admin Charges (1.1%) - 110
EDLI (0.5%) - 50
EDLI (Admin @ 0.1%) - 10
From your above posting I understand that you are paying PF on full salary (beyond ceiling). Then I shall post example for beyond ceiling.
For a salary of Rs. 20000,
Employee contribution (12%) - 24000
Employer contribution (3.67%) - 1150 (2400-1250)
EPS (pension) contribution (8.33%) - 1250 (limited to 15000)
Admin Charges (1.1%) - 220
EDLI (0.5%) - 75 (limited to 15000)
EDLI (Admin @ 0.1%) - 15 (limited to 15000)
Abbas.P.S
From India, Bangalore
For a salary of Rs. 10000,
Employee contribution (12%) - 12000
Employer contribution (3.67%) - 367
EPS (pension) contribution (8.33%) - 833
Admin Charges (1.1%) - 110
EDLI (0.5%) - 50
EDLI (Admin @ 0.1%) - 10
From your above posting I understand that you are paying PF on full salary (beyond ceiling). Then I shall post example for beyond ceiling.
For a salary of Rs. 20000,
Employee contribution (12%) - 24000
Employer contribution (3.67%) - 1150 (2400-1250)
EPS (pension) contribution (8.33%) - 1250 (limited to 15000)
Admin Charges (1.1%) - 220
EDLI (0.5%) - 75 (limited to 15000)
EDLI (Admin @ 0.1%) - 15 (limited to 15000)
Abbas.P.S
From India, Bangalore
dear Ms Sharma, i m working in construction company.they are not giving me any probation period.am i eligible for Pf contt?my basic is 6500/-
From India, New Delhi
From India, New Delhi
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