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Dear Prashant, Please specify what exactly you need in PF calculations. Generally Employees Share is 12% of basic + da, Employers Share is 3.67% of --- " ----- Pension Contribution is 8.33% of --"-- Admn. Charges A/c.II is 1.10% EDLI Charges is 0.05% & Admn. Charges - edli. is 0.01% Revert or call back in case of confusion. Regards, Datta Shirgaonkar, 09322130093. Labour Laws Practitioner, Mumbai.
From India, Mumbai
From India, Mumbai
Dear Prashant / Datta, Generally Employees share is 12 % and employers share also is 12% and distribution is as under:- Employees Share is 12% of basic + da, (total 12% deposit in Employees Account, Employers Share is 12 % of Same (3.67% deposit in Employees Account and rest 8.33% of share deposit in EPF account) Admn. Charges A/c.II is 1.10% on said wages EDLI Charges is 0.05% on said wages & Admn. Charges - edli. is 0.01% or minimum Rs. 2/- on said wages. Thanks &R. MK
From India, Delhi
From India, Delhi
Dear prashant PF Calculations as per pf challan : A/c no 1 - 12% basic + DA (Provident Fund) - 3.67% " A/c no 2 - 1.10 % " (Administrative charges) A/c no 10 - 8.33% " (Family Pension Fund) A/c no 21 - 0.5% " (Employee diposit link Insurance) A/c no 22 - 0.01% " (Admin Charges) Regards Jitendra Raghav
From India, Delhi
From India, Delhi
Good information. Agreed with Mr.MK ad Mr.Datta. But in some companies PF facility in not there. PF facility is very useful to employees. Details about Public Providend Fund(PPF): It is better to open PPF account by Employees in Banks i.e. SBI etc. with minimum Rs.500/- as deposit. It is a 15 yr. account and more useful towards tax benefit. After 7th year onwards employee/person who is having account can withdraw amount depends on previous year closing balance by 31-Mar-xxxx. After closing this account there is no tax on the amount. Thanks, GopalaKrishna Murthy B.
From India, Hyderabad
From India, Hyderabad
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Circular on PF Damage & Interest Calculations.pd f
ESI & PF Calculations.do c