plz any 1 tell
if 1 employee gets salary of Rs10,000.00 pm then how much amount need to be contributed by employer and employee.
give ans with suitable examples
also tell-total of employee contribution will be transfered to pf a/c,
how much of employers contribution will be transfered to pf, pension fund and EDLI
| Originally posted by :biswaranjan | ||
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Employee Employer
12 % 13.61%A/c No 1: PF contribution Account 12 3.67 A/c No 2: PF Admin account 1.10 A/c No 10: EPS account 8.33 A/c No 21: EDLIS account 0.50 A/c No 22: EDLIS admin account 0.01 |
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Thanks...really a good information Originally posted by :Arvind |
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| " | Originally posted by :biswaranjan " Employee Employer A/c No 1: PF contribution Account 12 3.67 A/c No 2: PF Admin account 1.10 A/c No 10: EPS account 8.33 A/c No 21: EDLIS account 0.50 A/c No 22: EDLIS admin account 0.01 12 % 13.61% " |
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Hi all
If an employee is earning salary (for the purpose of PF) of Rs. 10,000.00 then employer is not statutarily liable or oblige to deduct pf and contribute his matching contribution to PF. The eligibility for PF scheme is the person earning salary upto Rs. 6500.00 pm.
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