#### Employee Provident Fund- FAQ..........

Page no : 2

Akshay Shah (I.T engineer) (26 Points)
Replied 19 February 2016

Dear Sir,

please i have some query need to understand this calculation.

This is my October-2015 EPF deduction as per my salary slip

 Attendance Details Value Present 31 Days Earnings Amount Deductions Amount Basic HRA Educational Allowance Medical Allowance Conveyance 4,778.00 7,963.00 1,593.00 1,274.00 319.00 Advance Salary Professional Tax Provident Fund *** 694.00 200.00 573.00 Total Earnings 15,927.00 Total Deductions 1,467.00 Net Amount 14,460.00 Employer Contribution ** Amount PF Contribution Employer Pension Plan 8.33 PF Contribution From Employer 3.67 398.00 175.00 Total 573.00

And in the EPF passbook it shows like below

 Particulars Deposit Withdrawal Pension Contribution Employee Share Employer Share Employee Share Employer Share Cont. For 102015 573 175 398

From my salary as told by employer  is Total 16500 they deduct PF as from pay slip 573 twice from my salary .So

The calculation above says 16500-573(Deductions side***)-573 (Employer Contribution side**)=15354-other deductions 894(200+694)=in hand I received 14460.This is the calculation as per employer

But When I have seen the passbook of EPF it shows employee share 573 and employer share 175 is shown differently which is deducted and final figure pension contribution says only 398.

Questions

1.Is my company doing right calculations?

2.Why double deductions from the salary says PF and in passbook another employer share is deducted, There is deduction of 573 from salary twice means company paying 573 to govt. and govt. deducting 175 of employer,  I think I am facing a loss of 573+175=748 approx every month.

Where is this money going exactly ,if govt. is not receiving?

3.If I am paying PF from my own salary then why employer is showing as they as paying?

I am bit confused with the above query .Can you help me out with this.

U S Sharma (glidor@gmail.com) (21031 Points)
Replied 22 February 2016

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U S Sharma (glidor@gmail.com) (21031 Points)
Replied 22 February 2016

 Originally posted by : Akshay Shah Dear Sir,   please i have some query need to understand this calculation.   This is my October-2015 EPF deduction as per my salary slip Attendance Details Value   Present 31 Days Earnings Amount Deductions Amount Basic HRA Educational Allowance Medical Allowance Conveyance 4,778.00 7,963.00 1,593.00 1,274.00 319.00 Advance Salary Professional Tax Provident Fund *** 694.00 200.00 573.00 Total Earnings 15,927.00 Total Deductions 1,467.00     Net Amount 14,460.00 Employer Contribution ** Amount   PF Contribution Employer Pension Plan 8.33 PF Contribution From Employer 3.67 398.00 175.00 Total 573.00     And in the EPF passbook it shows like below Particulars Deposit Withdrawal Pension Contribution Employee Share Employer Share Employee Share Employer Share Cont. For 102015 573 175     398     From my salary as told by employer  is Total 16500 they deduct PF as from pay slip 573 twice from my salary .So The calculation above says 16500-573(Deductions side***)-573 (Employer Contribution side**)=15354-other deductions 894(200+694)=in hand I received 14460.This is the calculation as per employer   But When I have seen the passbook of EPF it shows employee share 573 and employer share 175 is shown differently which is deducted and final figure pension contribution says only 398.     Questions 1.Is my company doing right calculations? 2.Why double deductions from the salary says PF and in passbook another employer share is deducted, There is deduction of 573 from salary twice means company paying 573 to govt. and govt. deducting 175 of employer,  I think I am facing a loss of 573+175=748 approx every month. Where is this money going exactly ,if govt. is not receiving? 3.If I am paying PF from my own salary then why employer is showing as they as paying? I am bit confused with the above query .Can you help me out with this.

573 + 175 + 398 = (573+573)

the math is right for PF department

in your  salary terms  gross payable with all perks maybe  is fixed and all govt contributions are likely  to be deducted from your salary. check with your employment  terms

(Guest)

very useful sir. thank you sir.

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