How do we calculate PF for employees. is there any minimum and maximum limit for calculation. Is PF must for all employees. How much should employer contribute.
From India, Chennai
1From India, Chennai
Employer Share 12% of wages a) 8.33% EPS of wages b) 3.67 % Employer PF Share of wages Employee Share 12% Admin Charges - account 2 - .65% of Wages, Account 21 - 0.05% of Wages - EDLI Amount
From India, Pune
From India, Pune
- PF is a must for employees, it's a government policy.
- Basically the employer contributes 12% of your basic, and you have to contribute 12%
- From employer side, as far as I know, it is just 12%; but you can contribute more than 12% under the name of VPF.
From United States, Englewood
- Basically the employer contributes 12% of your basic, and you have to contribute 12%
- From employer side, as far as I know, it is just 12%; but you can contribute more than 12% under the name of VPF.
From United States, Englewood
Well, it is 0.5% where employer will be paying apart from his PF contribution
From United States, Englewood
From United States, Englewood
PF Applicability
- Mandatory for Employees drawing a salary ( Basic+ DA ) less than equal to 15000/-
- Employees drawing a salary ( Basic + DA ) equal to or more than 15000/- , for them PF is optional
Deduction - 12% employee share
12% employer share ( From employer's end the segregation is as follows 8.33 % goes to EPS i.e
Employee Pension Scheme and 3.67% as PF contribution
Apart from this EDLI & Admin charges are also added
From India, New Delhi
- Mandatory for Employees drawing a salary ( Basic+ DA ) less than equal to 15000/-
- Employees drawing a salary ( Basic + DA ) equal to or more than 15000/- , for them PF is optional
Deduction - 12% employee share
12% employer share ( From employer's end the segregation is as follows 8.33 % goes to EPS i.e
Employee Pension Scheme and 3.67% as PF contribution
Apart from this EDLI & Admin charges are also added
From India, New Delhi
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls