close x


Provident fund contribution share of employee and employers

Asst. Manager-Internal Audit

Dear Sir,

                         Just I want to know in Provident Fund What is Contribution Share of Employee and Employers and what is EPS Account, EDLI Account and EDLIS Account. What is Contribution Rate in these Account of Employee and Emplyers.....

Nitesh Mishra

 
Reply   
 
studying final


go to this link http://www.epfindia.com/payments.htm you will find all details there. employer n employee contribution is generally 12% but there are sime exceptions

 
Reply   
 


studying final


ER-12%, EE-12%


Total thanks : 1 times

 
Reply   
 

Dear Sir,

I)Provident Fund Subscripttion of Employee is 12% of salary

II)Provident Fund Contribution of Employer is   12 % of Salary

   Employees Pension Scheme (EPS) is 6.33% of salary on a maximum salary of Rs 6500/- p.m.paid out        

   of employer's contribution and the balance amount goes to PF a/c of the employee. 

III)Employees Deposit Linked Insurance (EDLI) is a compulsory insurance to be paid by the employer to    insure life of the PF member for contingencies of life.Employee has nothing to do with payment for this.The rate may be 1.13% on Rs 6500/-p.m. salary.

kkm


Total thanks : 1 times

 
Reply   
 
Assistant Manager


Hi,

I just want to know.. that Employer Contribution of PF & Employee Contribution of PF is going under which accountin group head... (Current Liability or Indirect Expenses)

Also want to know on what basis it is calculated

please guide me 

 
Reply   
 

Originally posted by : Vaibhav

Hi,

I just want to know.. that Employer Contribution of PF & Employee Contribution of PF is going under which accountin group head... (Current Liability or Indirect Expenses)

Also want to know on what basis it is calculated

please guide me 

Dear vaibhav

Please note, employer contribution depend upon basic salary/wage + D.A. earned by the employee for the month,

employee conrt is 12 % = employer cont. is equal to 12 %

but the calculation said employer contribution is rechaed at  13.61 %(approx.)

thanks


Total thanks : 1 times

 
Reply   
 
Ch Accountant


I am working in pvt company My workers payment goes on 11000/-  I Deduct his Pf on 11000/- But I want to deduct employer contribution on 6500/- Can I? Pls you know that then call me on 9552501067 Its very urgent. DO the needfull. My Name is Subhash Mule.              Have a Nice Day

 
Reply   
 

Dear Subhash

 

Employees contribution cannot be higher than employers contribution. Besides if employer contributed PF on an amount higher than Rs. 6500, in that case only 8.33% i.e. maximum Rs. 514 can be deposited towards pension fund. Balance amount has to be deposited in the Provident Fund itself

 


Total thanks : 1 times

 
Reply   
 

LEAVE A REPLY



    

Your are not logged in . Please login to post replies

Click here to login   Click here to Register



 



Share on :