The Provident Fund (PF) contribution is 12% of PF Wages from both employee and employer. For the calculation, the maximum limit of Basic is Rs 6500/-. It means even if the employee’s PF Wages is above Rs 6500/-, the employer is liable to contribute only on Rs 6500/-, that is Rs 780/-.
However if an employee so desires he may voluntarily contribute more than 12%. Apart from it an employer also has to pay some administration charges. The various accounts of PF Challan are as mentioned below.
|
Employee
|
Employer
|
|
| A/c No 1: PF contribution Account A/c No 2: PF Admin account A/c No 10: EPS account A/c No 21: EDLIS account A/c No 22: EDLIS admin account |
12
|
3.67
|
|
1.10
|
||
|
8.33
|
||
|
0.50
|
||
|
0.01
|
||
| Total |
12
|
13.61
|
PF admin charge = Employer has to pay 1.1 % of pf wages
EDLIS: Employer has to pay 0.5% of pf wages
EDLIS admin charge:Employer has to pay 0.01% of pf wages.
Hence, total additional percentage employer has to pay is rupees : 1.61% of basic so employer has actually to pay 13.61 % of Basic and employee has to pay only 12% of pf wages.
Employees complete 12% goes to PF account while employer contributions’ 8.33% goes to Pension Fund and 3.67% goes to PF Fund.
Employee State Insurance Corporation(ESIC) is deducted on gross salary which is 1.75% from the employee contribution & 4.75% from the employer contribution.
Sensys
thanks for this valuable information ,
9456962219
which amt of deduct of pf basic ya gross
basic
How to calculate ESIC on salary . Is there any limit of salary for getting benefit of ESIC or there is any slab for calculation. Also if our school have aggrement with EDLI department then calculation rate of Adm. chgs is different .
Kya PF ke liye employee contribution 12% aur employer ke liye 13.61 hai?
12% from both Side
kya pf deduction me employee 12% aur employer deduction 13.61% hai?
My Employer PF from Annual CTC is Rs. 9360 (Rs 780*12)
There is also an Employee PF of Rs. 780 being deducted from Monthly Gross.
Is this right? Please, need an expert opinion.
Question not clear………
Hi, I need advice in my case. My pf deduction from salary is 2500 pm, but my employers is contributing Rs 780 . Is it right? As per my knowledge employer contribution should be same as employee contribution (if it is 12% of salary). Pls clarify
Yes you are right contribution made by the empllyer is wrong and advice you to contact to HR of your company for rectify the same if wrongly happened the same.
Yes as per the Goverment norms if the basic is above 6500 than employer will only contribute to max of 780/- per month.
He is well within his limits. EPF website clearly states that “It is up to the employer to pay beyond Rs 780/- (i.e people who are paid (Basic+DA) more the Rs 6500). The previous answer is incorrect. You may clarify this with your PF consultant or with you nearest PF office.
As per ur pf account this may correct why b coz Your pf deduction will be 12% and employer deduction will be 3.67% only shows in your PF Account,rest 8.33% will go to Pension scheme
Hello,
I Want to know the Scenario of deduction of PF.
If the basic salary of an employee is 10000 then how much amount is going deducted from the employee salary.,………..?
is it 1200 of 2400 if he is under 12% scheme……
BASIC SALARY WHICH WILL BE CALCULATED FOR PF IS LIMITED TO RS.6500/-. IN CASE THE BASIC IS MORE THAN 6500 THEN ALSO THE CALCULATION WILL BE DONE ON 6500 THAT WILL BE 6500X12%=RS.780/- MAXIMUM DEDUCTION.
If you have offered her CTC then there will be a deduction of both contributions (employee and employer) but if you have offered only a salary/ gross salary then there will be a deduction of 12%
I want to know maximum limit of gross salary to liable to pay esic..
for EDLIS account min contribution is Rs. 5
and for EDlis Admin Account contribution is Rs. 2
You can add this statement in this
Employer contribution also deducted from employee basic salary?
No , It is separate from employee’s salary . Employer deposit it from his fund.
NICE
kYA EPF ME 6500 TAK KI LIMIT HAI EPF KATNE KI
yes
Employees with Gross salary above 15000 will not get Esi benifit
I’m happy to read PF / ESIC rate of deduction for both Employee & Employer contribution » Sensys Blog group within the PF / ESIC rate of deduction for both Employee & Employer contribution » Sensys Blog.
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