What exactly is the PF contribution of employer 12% or 13%?

Our PF consultant has told us that employer contribution towards PF will be 13%. But recently I came to know that it is only 12%. What exactly is the PF contribution of employer? Please help. Thanks in advance.

Hi, Yes, you are right. PF contribution of an employer is 12% apart from that there will be some admin charges.

Hi,
From the employer side:
EPF : 3.67%
EPS : 8.33%
EDLI : 0.5%
PF admin Charges : 0.5%
All these clubbed into 13%

Yes, the employer contribution for PF is 12%, not 13%. But right now, due to COVID – 19 crisis, the percentage of PF contribution has been reduced to 10% from 12% for May, June, and July 2020.

The PF Contribution Of Employer 12% in India. Recently I had read an article in new paper-"some PF percentage % has been reduced in Covid situation.

The PF contribution of the employer is 12%. However, apart from the employer has to pay 0.5% towards the administrative charges in A/c II and 0.5% towards the EDLI charges in A/c XXI. This is how the total liability of the employer is 13%.

Employer contribution is 12% in EPF and 1% is admin charges.

EPF : 3.67%
EPS : 8.33%
EDLI charges : 0.5%
PF admin Charges : 0.5%


With Regards,
HR Consultant

For CTC structure we can consider as 13%

The Provident Fund (PF) contribution made by the employer is a percentage of the employee's basic salary and dearness allowance. In India, the current employer's contribution to the Employee Provident Fund (EPF) is typically 12% of the employee's basic salary and dearness allowance. With that contribution, we just sat and played geometry dash lite most of our working time kkk

The employer's contribution to the Employees' Provident Fund (EPF) is 13%. However, this is further subdivided into:

3.67% of contribution towards Employees' Provident Fund
0.5% of contribution towards EPF Administration Charges
0.5% of contribution towards EDLI Administration Charges
8.33% of contribution towards Employees' Pension Scheme
The first three components are collectively referred to as the "EPF employer's contribution", while the last component is referred to as the "EPS employer's contribution".

EPF employer's contribution

The EPF employer's contribution is deposited into the employee's EPF account. The employee can withdraw the money from their EPF account after they have retired or if they leave their job.

EPS employer's contribution

The EPS employer's contribution is deposited into the employee's EPS account. The EPS account is used to provide a pension to the employee after they have retired.

Total employer's contribution

The total employer's contribution to the EPF is 13%. This is a significant contribution that employers make towards their employees' social security.

It is important to note that the EPF contribution is mandatory for all establishments that employ 20 or more employees. The contribution is also mandatory for all employees who earn less than Rs. 15,000 per month.