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.
From India, Jubilee Hills
3From India, Jubilee Hills
Hi, Yes, you are right. PF contribution of an employer is 12% apart from that there will be some admin charges.
From India, Coimbatore
From India, Coimbatore
Hi, From the employer side: EPF : 3.67% EPS : 8.33% EDLI : 0.5% PF admin Charges : 0.5% All these clubbed into 13%
From India, Mumbai
From India, Mumbai
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.
From India, Chennai
From India, Chennai
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.
From India, New Delhi
From India, New Delhi
Dear Sirs
This is regarding PF contribution and recent supreme court
PF contribution as per Feb 2019 Supreme court order,
Do we need to calculate the PF of 12% for all salary components (Basic+DA+Spl allowances +Conveyances+HRA+Education Allowances +Amenties) or else Basic +DA+Spl alone.
This was questioned raised by our internal audit team,have to close the same NC
Pls support
From India, Chennai
This is regarding PF contribution and recent supreme court
PF contribution as per Feb 2019 Supreme court order,
Do we need to calculate the PF of 12% for all salary components (Basic+DA+Spl allowances +Conveyances+HRA+Education Allowances +Amenties) or else Basic +DA+Spl alone.
This was questioned raised by our internal audit team,have to close the same NC
Pls support
From India, Chennai
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%.
From India, Pune
From India, Pune
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
From India, Noida
From India, Noida
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls