Pf Calculation - Pf Deductions [Thread 131242]

Hi,
I have some query regarding deduction of PF. How the calculation for a/c. no. 2, 21 and 22 will be done if basic of Mr. X is Rs.17500/-? Should it be based on Rs.17500/- or Rs.6500/- ?
Please suggest.
Regards.
Rajesh

coloum Name of empMr X
A Basic (A) - 17500
B ceiling of basic (B) - 6500
C <FONT face=Arial><FONT size=2>Epf 12% (C ) - &nbs

If someones Basic is above Rs.6500/-
say for Example Rs.7200/-
The employer contribution for Pension Account No.10 will be 8.33%
For him 8.33% will be Rs.600/-
In that Rs.541/- will be deposited in /c.No.10 remaining Rs.51/- has to be added to Account No.1

if someone earning above Rs.6500/-
say Rs.7200/-
for him the employer contribution to pension account will be 8.33%
For rs.7200/- 8.33% will be Rs.600/-
In that Rs.541/- only deposited to Account No.10 as 8.33% of Rs.6500/- is Rs.541/- remaining will be deposited to Account No.1

Hi,
Please let me know the following.
1. Maximum Basic Component/Amount for a Director in a Pvt Ltd IT Company
2. Allocation of that Amount for Employer Contribution and EPS.
Regards,
Surendra

Hii ,can any body tell me that break up of the salary into different components like travel allowance,special allowance etc makes any diffrence technically?I mean to
sy that if salary of an employee is 20000k and it is just divided in two 2 parts,one is basic 13 k and another HRA 7k,will there be any diffrenece in the tax liability or other salary related technical points.
It will be of great help if somebody clarify my doubt.
Regards
Raj

Dear All,

My wife Rimpu shrivastva had been working with R.P.Buildwell Pvt. Ltd. I feel very unhappy to inform you that my wife had been expired due to heart attack while in services.
Let me help in getting information of the following :

1) Whether her nominee is entitle for monthly pension scheme if yes, how many monthly pension is paid to her nominee.

2) Whether her nominee is entitle for employee deposit link insurance scheme, if yes how many amount paid to her nominee.

3) Whether her nominee is entitle for capital return of pension if yes, how many amount is paid to her nominee.

4) How many epf amount is paid to her nominee.

The details of member is given below :

Name : Rimpu Shrivastava
Date of Bith : 28-02-1985
Date of Appointment : 01-04-2007
Date of Death : 28-04-2008
Date of living service : 30-04-2008
Basic Salary : 3470 per month
Pension wage : 3470
Monthly pf deposit : 416+416 = 832

Your co-operation is hightly obliged by me.

Thanks & warm regards

Raju Shrivastava
09990152624

Regards

Dear Mr. Raju,
It is very shocking and no one can compensate the actual loss. Any how for your query i m giving my reply according to my knowledge.
1. The nominee is entitled to claim the pf contribution along with the pension claim.
2. The amount of pension will be calculated by the pension deptt of RPFC office.
3. Yes the Employee De linked Insurance amount either at the cap level of 62000/- or according to the contribution which ever is higher can be claimed by the nominee.
Thanks,
R Shanti
Name : Rimpu Shrivastava
Date of Bith : 28-02-1985
Date of Appointment : 01-04-2007
Date of Death : 28-04-2008
Date of living service : 30-04-2008
Basic Salary : 3470 per month
Pension wage : 3470
Monthly pf deposit : 416+416 = 832
Your co-operation is hightly obliged by me.
Thanks & warm regards
Raju Shrivastava
09990152624
Regards[/quote]

since she is not having completed her service for 10 years she wont be eligible for pension where as you can claim provident fund and pension amount form PF Office

By oversight, this month we have paid an excess amount of PF contributions to the department both of employee and employer. Can anyone tell me the process with the PF department to get back the excess amount paid.
Thanks
Geetanjali