PF Calculation?????
This query is : Resolved
Purushotham
(Querist)
22 December 2008
What is the procedure of PF calculation?
22 December 2008
dear purushottam
employer will dedcuct the employee contribution from his salary which will be 12% of Salary (basic + da) and
same contribution from the employer plus administration charges.
the whole amount will be deposited with pf department via pf challan upto 15th of following month (grace period- 5 days).
maximum limit is Rs. 6500/- ie salary upto which the pf is to be deducted. you can also say that 780/- (being 12% of 6500) is the maximum contribution by employee or employer per person.
employer will dedcuct the employee contribution from his salary which will be 12% of Salary (basic + da) and
same contribution from the employer plus administration charges.
the whole amount will be deposited with pf department via pf challan upto 15th of following month (grace period- 5 days).
maximum limit is Rs. 6500/- ie salary upto which the pf is to be deducted. you can also say that 780/- (being 12% of 6500) is the maximum contribution by employee or employer per person.
22 December 2008
PF deduction is applicable for all the company got BIN.
Mr.Zeeshan is correct the Employer contribution shall be 13.61% including admn. charges. ie. 1.61%
amt to be paid on 15th of every month and
return in Form 5, 12A, 10 and Form 2 along with triplicate copy of the challan are to be filed on or before 25th of the following month
Mr.Zeeshan is correct the Employer contribution shall be 13.61% including admn. charges. ie. 1.61%
amt to be paid on 15th of every month and
return in Form 5, 12A, 10 and Form 2 along with triplicate copy of the challan are to be filed on or before 25th of the following month
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