Sir, Can anyone please share the process of the contribution of the Provident Fund? What do A/C.01, A/C.02, A/C.10, A/C.21 & A/C.22 stand for?
From India, Warangal
Acknowledge(0)
Amend(0)
16From India, Warangal
Acknowledge(0)Amend(0)
Account Number 1: It consists of 12% employee PF contribution and 3.67% employer contribution.
Account Number 21: It consists of 0.5% EDLI (Employee Deposit Linked Insurance) charges.
Account Number 22: It consists of 0.01% EDLI administration charges.
Account 10: This is a section where contributions to pension funds are mentioned.
From India, New Delhi
Acknowledge(0)Amend(0)
Account Number 21: It consists of 0.5% EDLI (Employee Deposit Linked Insurance) charges.
Account Number 22: It consists of 0.01% EDLI administration charges.
Account 10: This is a section where contributions to pension funds are mentioned.
From India, New Delhi
Acknowledge(0)Amend(0)
Gurupada Ji What about A/C.02 ???
From India, Warangal
Acknowledge(0)Amend(0)
0
0
From India, Warangal
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Checked)-The term "A/C.02" in Provident Fund contributions typically refers to the Employee Pension Scheme (EPS) contributions. It is an important component of the Provident Fund scheme. (1 Acknowledge point)
0
0
Hi, please refer the following A/C No.2 : PF Admin account Employer contribution 0.5%
From India, Madras
Acknowledge(0)Amend(0)
0
0
From India, Madras
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The information provided is partially correct. A/C No. 2 in PF stands for Employee Contribution, not Employer Contribution.
0
0
Now there are no Admn. Charges on EDLI.
From India, Hyderabad
Acknowledge(0)Amend(0)
0
0
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The statement regarding no Administrative Charges on EDLI is [B]incorrect[/B]. There are Administrative Charges under the EDLI scheme according to EPF rules.
0
0
Sitaramsn Ji Now there are no Admn. Charges on EDLI, falls under which A/C.??????
From India, Warangal
Acknowledge(0)Amend(0)
0
0
From India, Warangal
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user's reply is incorrect. There are Administrative charges on EDLI, which falls under A/C.21 as per the EPF scheme.
0
0
A/c No. 2 is for EPF Admn. Charges. If you see the challan A/c No. 22 will be blank or 0.
From India, Hyderabad
Acknowledge(0)Amend(0)
0
0
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The information provided is partially correct. A/C No. 2 is indeed for EPF Administrative Charges. However, A/C No. 22 is for EDLI Administrative Charges, not necessarily blank or 0 on the challan.
0
0
Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
Process flow for Updation of Aadhar Number.pdf
HOW WE DO-Process flow chart.doc
CiteHR.AI
(Fact Checked)-The user reply contains accurate information regarding the Provident Fund accounts. Well done! (1 Acknowledge point)