HR [Thread 138167]

Hello sir/madam
In this discussions u been suggested only A/c no, 1,2,10,21,22 but another A/c no 1, 10,21 is there on the top how to calculate? plz clear my doubts
regards
vijaya

Hello Madam
In PF challans Can u plz explain me about Total No. of Subsribers and total wages due.
Regards
Vijaya

1.If 10 employees contribution is being sent then the no. of Subsribers will be 10.
2.Total Basic Salary of All these 10 Employees.

Hi Vijaya,
For example 20 employees working in an organisation.All the 20 employees have to contribute to the PF account. we have to take each employees Basic +DA and we have to total all the employees Basic +DA.
That will be the Total wages and no of subscribers will be 20.
I think ur doubts has been cleared.
Warmest Regards,
Mohan.M.S
91+98846-39526

dear vijay,we are calculate ina/c no-1 - Epf Fund (all the members total basic+da)a/c no 10- pension Fund (all the members basic+da =

Dear Vijay,
Ac No. 1 its employee 12% + Employer3.67%
ac no. 2 its employer 8.33%
ac no. 10 its employer 1.01%
ac no. 21 its employer 1.67%
ac no. 22 its employer 0.05%
Or you if you need more clarification please mail your question
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Riyaz

In one interviewer asked me about how many act in Indian Labor law i had replied him i know only 5 act but he said me there is TEN(10) labor act in labor law - is that true?
Please increase my knowledge
Riyaz

Hi Friend,

Regarding PF Contribution -Employer should pay 12% of Basic salary, in which 8.33% will goes to Pension Scheme balance 3.67 will goes to PF.

While calculating the Pension Scheme employer should pay 8.33% of basic (limit is upto Rs.6500/ ie Rs.541/-) not more than that rest will goes to PF.

For eg. If the employees is getting Basic salary of Rs.8000/- Rs.541/-(8.33%) will goes to pension scheme and Rs.419/- will goes to PF, however employer has to contribute 12% of basic, whatever be the amount.

Regarding Employee Contribution of 12% from basic is unavoidable as per the PF act.

Rate of Contribution


What may it may be the company they have to contribute the below following

Employee 12%

(Basic wages, dearness allowance)

Employer 13.61%

Contribution:

3.67% = Provident Fund (A/c No.1)

8.33% = Pension Fund (A/c No.10)

0.5% = EDLIS -Employees Direct Linked Insurance Scheme (A/c No.21)

Administrative Charges:

1.10% of emoluments = Provident Fund (A/c No.2)

0.01% of emoluments = EDLIS (A/c No.22)

Total 25.61%


Warmest Regards,
Mohan.M.S

Hi Suhrita,
For example if an employee basic is 8000.We will be deducting 12% from his/her basic it will 960/-.You have to pay 541/- to his/her pension account remaining 419 will be accounted in PF.

I think ur has been cleared.

Warmest Regards,
Mohan.M.S

Dear Friends
Friends sorry to say this, actually my doubt not yet cleared.
In PF Challan the have mention Total wages due (A/c. 1, A/c 10, A/c 21), hw to Calculate? plz reply me