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Provident fund contribution share of employee and employers

Nitesh Mishra (Asst. Manager-Internal Audit)   (104 Points)

11 April 2012  

Dear Sir,

                         Just I want to know in Provident Fund What is Contribution Share of Employee and Employers and what is EPS Account, EDLI Account and EDLIS Account. What is Contribution Rate in these Account of Employee and Emplyers.....

Nitesh Mishra


 8 Replies

kavitha (studying final) (830 Points)
Replied 11 April 2012

go to this link https://www.epfindia.com/payments.htm you will find all details there. employer n employee contribution is generally 12% but there are sime exceptions

kavitha (studying final) (830 Points)
Replied 11 April 2012

ER-12%, EE-12%

1 Like

Kolluru Krishna Murty (Partner) (315 Points)
Replied 18 April 2012

Dear Sir,

I)Provident Fund Subscripttion of Employee is 12% of salary

II)Provident Fund Contribution of Employer is   12 % of Salary

   Employees Pension Scheme (EPS) is 6.33% of salary on a maximum salary of Rs 6500/- p.m.paid out        

   of employer's contribution and the balance amount goes to PF a/c of the employee. 

III)Employees Deposit Linked Insurance (EDLI) is a compulsory insurance to be paid by the employer to    insure life of the PF member for contingencies of life.Employee has nothing to do with payment for this.The rate may be 1.13% on Rs 6500/-p.m. salary.

kkm

1 Like

Vaibhav (Assistant Manager) (28 Points)
Replied 06 December 2012

Hi,

I just want to know.. that Employer Contribution of PF & Employee Contribution of PF is going under which accountin group head... (Current Liability or Indirect Expenses)

Also want to know on what basis it is calculated

please guide me 

RAJ KUMAR BHANDARI (FINANCE) (165 Points)
Replied 06 December 2012

Originally posted by : Vaibhav

Hi,

I just want to know.. that Employer Contribution of PF & Employee Contribution of PF is going under which accountin group head... (Current Liability or Indirect Expenses)

Also want to know on what basis it is calculated

please guide me 

Dear vaibhav

Please note, employer contribution depend upon basic salary/wage + D.A. earned by the employee for the month,

employee conrt is 12 % = employer cont. is equal to 12 %

but the calculation said employer contribution is rechaed at  13.61 %(approx.)

thanks

1 Like

subhash (Ch Accountant) (21 Points)
Replied 17 September 2013

I am working in pvt company My workers payment goes on 11000/-  I Deduct his Pf on 11000/- But I want to deduct employer contribution on 6500/- Can I? Pls you know that then call me on 9552501067 Its very urgent. DO the needfull. My Name is Subhash Mule.              Have a Nice Day

CS V Periwal (CS) (80 Points)
Replied 11 October 2013

Dear Subhash

 

Employees contribution cannot be higher than employers contribution. Besides if employer contributed PF on an amount higher than Rs. 6500, in that case only 8.33% i.e. maximum Rs. 514 can be deposited towards pension fund. Balance amount has to be deposited in the Provident Fund itself

 

1 Like

edwin (Executive ) (21 Points)
Replied 16 February 2016

Employees contribution should be same as employer contribution . Maximum PF contribution on both side ia 1800  as on date . PF has to be calculated from basic salary not in Gross salary . But in case of ESI it has be calculated on Gross salary . In case Gross salary is more than 15000 ie 15001 then they can be relaxed from payment .


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