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
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1From India, Chennai
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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
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From India, Pune
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- 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 the employer's 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
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Basically, the employer contributes 12% of your basic, and you have to contribute 12%.
From the employer's 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
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Well, it is 0.5% where employer will be paying apart from his PF contribution
From United States, Englewood
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From United States, Englewood
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PF Applicability
- Mandatory for employees drawing a salary (Basic + DA) less than or equal to ₹15,000.
- Employees drawing a salary (Basic + DA) equal to or more than ₹15,000, for them PF is optional.
Deduction:
- 12% employee share
- 12% employer share (From the 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 and Admin charges are also added.
From India, New Delhi
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- Mandatory for employees drawing a salary (Basic + DA) less than or equal to ₹15,000.
- Employees drawing a salary (Basic + DA) equal to or more than ₹15,000, for them PF is optional.
Deduction:
- 12% employee share
- 12% employer share (From the 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 and Admin charges are also added.
From India, New Delhi
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