Hi Everyone I am seeking job as an HR. In an interview, an interviewer asked me, What is the Employer pf contribution now?? Is it 13.36% or something else?
From India, Mumbai
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2From India, Mumbai
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Dear friends,
Employer contribution is 12% of the employee's salary. This includes an 8.33% contribution to the Pension Scheme. Additionally, the Employer has to pay 0.85% as an administrative charge, 0.5% towards EDLI, and 0.01% as EDLI administrative charges. The total contribution amounts to 13.36%.
Abbas.P.S
From India, Bangalore
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Employer contribution is 12% of the employee's salary. This includes an 8.33% contribution to the Pension Scheme. Additionally, the Employer has to pay 0.85% as an administrative charge, 0.5% towards EDLI, and 0.01% as EDLI administrative charges. The total contribution amounts to 13.36%.
Abbas.P.S
From India, Bangalore
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Rightly said by Mr Abbas. There s no any changes as of now. Still the same contribution is continuing
From India, Bangalore
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From India, Bangalore
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Hi Abbas,
PF deduction from me (employee) is 12.36% of the basic salary, and as per my knowledge, the company (employer) will be contributing the same amount towards my PF account. Am I right? Recently, I joined one of the companies where they are deducting both employee and employer contributions from my salary only. Do you have any idea about this? Please clarify for me.
From India, Lucknow
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PF deduction from me (employee) is 12.36% of the basic salary, and as per my knowledge, the company (employer) will be contributing the same amount towards my PF account. Am I right? Recently, I joined one of the companies where they are deducting both employee and employer contributions from my salary only. Do you have any idea about this? Please clarify for me.
From India, Lucknow
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Hi Arun,
PF contribution from both EE & ER is 12% + 12% only. It's not 12.36%. But for ER, apart from the 12% contribution, there are administrative charges of 1.36%. So, for ER, we will consider it as 12% + 1.36% = 13.36%.
As you mentioned, many companies are including both EE & ER contributions in their CTC but not in the gross salary.
From India, Bangalore
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PF contribution from both EE & ER is 12% + 12% only. It's not 12.36%. But for ER, apart from the 12% contribution, there are administrative charges of 1.36%. So, for ER, we will consider it as 12% + 1.36% = 13.36%.
As you mentioned, many companies are including both EE & ER contributions in their CTC but not in the gross salary.
From India, Bangalore
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Dear Rmidnight,
Yes, the total PF contribution from the employer's side is 13.36%. It includes:
- PF Account: 3.67%
- Pension Account: 8.33%
- EDLI Account: 0.50%
- EDLI Admin Account: 0.01%
- PF Admin. Account: 0.85%
If you add these up, the total comes to 13.36%.
Thank you.
From India, Mumbai
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Yes, the total PF contribution from the employer's side is 13.36%. It includes:
- PF Account: 3.67%
- Pension Account: 8.33%
- EDLI Account: 0.50%
- EDLI Admin Account: 0.01%
- PF Admin. Account: 0.85%
If you add these up, the total comes to 13.36%.
Thank you.
From India, Mumbai
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Hi, Side of Employee 12% Side of Employer 13.36% PF Account - 3.67 % Pension Accounts -8.33% EDLI Account - 0.50 % EDLI Admin Account - 0.01% PF Admin. Account -0.85 % Regards, Ubaid R.
From India, Mumbai
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From India, Mumbai
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Hi folks!
As many of you mentioned that the contribution of the employer is 13.36%, but I know that the contribution of the employer is 13.61%. The breakup is delineated below: EPF - 3.67% + EPS - 8.33% + EDLI - 0.5% + EPF & EPS Administrative Charges - 1.1% + EDLI Admin. Charges - 0.01% = 13.61% (Total). Is this breakup correct or wrong? Would you please tell me?
I have one more question. If an employee withdraws his/her PF before the age of 58, then how much amount or percentage will be deducted from the PF account?
From India, Kolkata
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As many of you mentioned that the contribution of the employer is 13.36%, but I know that the contribution of the employer is 13.61%. The breakup is delineated below: EPF - 3.67% + EPS - 8.33% + EDLI - 0.5% + EPF & EPS Administrative Charges - 1.1% + EDLI Admin. Charges - 0.01% = 13.61% (Total). Is this breakup correct or wrong? Would you please tell me?
I have one more question. If an employee withdraws his/her PF before the age of 58, then how much amount or percentage will be deducted from the PF account?
From India, Kolkata
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Hi Piyali,
Your calculation is not correct. The admin charges for account 2 have been revised from 1.1% to 0.85%. Therefore, the total is 12% from the employee (EE) and 12.5% from the employer (ER) - 8.33% as EPS and 3.67% as EPF. The admin charges for account no. 2 are 0.85%, EDLI charges for account no. 21 are 0.50%, and EDLI admin charges for account no. 22 are 0.01%.
Now, if any employee withdraws their PF, they will only receive their EE contribution.
From India, Bangalore
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Your calculation is not correct. The admin charges for account 2 have been revised from 1.1% to 0.85%. Therefore, the total is 12% from the employee (EE) and 12.5% from the employer (ER) - 8.33% as EPS and 3.67% as EPF. The admin charges for account no. 2 are 0.85%, EDLI charges for account no. 21 are 0.50%, and EDLI admin charges for account no. 22 are 0.01%.
Now, if any employee withdraws their PF, they will only receive their EE contribution.
From India, Bangalore
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Dear All,
The PF total contribution share is 25.36%. Please find the following details for your perusal and record:
- A/c - 1 - 12% (Employee Share) PF
- A/c - 1 - 3.67% (Employer Share) PF
- A/c - 2 - 0.85% (Employer Share) Admin charges
- A/c - 10 - 8.33% (Employer Share) Pension
- A/c - 21 - 0.50% (Employer Share) EDLI
- A/c - 22 - 0.01% (Employer Share) EDLI Admin charges
Apart from Ms./Mrs. Piyali, PF admin charges under A/c - 2 have been revised and reduced from 1.10% to 0.85% starting January 2015.
Thanks & Regards,
Ashish Shaw
ashishshaw@gmail.com
From India, Kolkata
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The PF total contribution share is 25.36%. Please find the following details for your perusal and record:
- A/c - 1 - 12% (Employee Share) PF
- A/c - 1 - 3.67% (Employer Share) PF
- A/c - 2 - 0.85% (Employer Share) Admin charges
- A/c - 10 - 8.33% (Employer Share) Pension
- A/c - 21 - 0.50% (Employer Share) EDLI
- A/c - 22 - 0.01% (Employer Share) EDLI Admin charges
Apart from Ms./Mrs. Piyali, PF admin charges under A/c - 2 have been revised and reduced from 1.10% to 0.85% starting January 2015.
Thanks & Regards,
Ashish Shaw
ashishshaw@gmail.com
From India, Kolkata
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some one told me pf employer contribution is `13.65 % , please let me know proper percentage?
From India, Mumbai
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From India, Mumbai
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PF Contribution on Leave Encashment - Clarification by EPFO.pdf