Employer contribution to p.f.
This query is : Resolved
25 September 2013
how much be employer's contribution to P.F. if basic pay of employee is 20000 p.m. should it be
1)20000*12%=2400 OR
2)6500*10%=650 OR
3)20000*10%=2000
please reply soon.
1)20000*12%=2400 OR
2)6500*10%=650 OR
3)20000*10%=2000
please reply soon.
25 September 2013
The employer contribution is 12%, + edli & Admn chgs 1.61% together.
Further, its depends on the company's policy that on which amount they want to contribute PF.
i.e. either on the ceiling amount (which is 6500/-) or on the total basic amount (Rs. 20000/- in ur case)
Further, its depends on the company's policy that on which amount they want to contribute PF.
i.e. either on the ceiling amount (which is 6500/-) or on the total basic amount (Rs. 20000/- in ur case)
25 September 2013
can company give 12% of 20000 as employer's contribution ?
25 September 2013
Yes, then can contribute if they want. No such restriction by the dept.
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