DEDUCTION OF PROVIDENT FUND
This query is : Resolved
BHAVESH KAYASTHA
(Querist)
25 August 2010
TELL ME HOW MUCH DEUCTION OF PROVIDENT FUND SHOULD BE MADE BY EMPLOYER AS PER PF LAW FROM SALARY IN INDIA. IN GENERAL IT IS 12% BUT BELOW 12% IS POSSIBLE. EXPLAIN ME IN DETAIL WITH EXAMPLE. PLEASE CLEAR TO ME EMPLOYER SHOULD DEDUCT 12 % TOTAL BOTH FOR EMPLOYEE AND EMPLOYER'S CONTRIBUTION I.E. 06 OF EACH OR THEY SHOULD GO FOR 12% OF EACH I.E. 12% OF EMPLOYEE AND 12% OF EMPLOYER.
25 August 2010
bifurcation for 12 % deduction
12 % for Employee &
12 % for employer [ 8.33 % in EPF account &
3.67 % in PFC Account]
12 % for Employee &
12 % for employer [ 8.33 % in EPF account &
3.67 % in PFC Account]
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