Hi!
The 12 % employer contribution break up is
8.33 towards pension fund and
3.67 towards provident fund.
I believe the admin charges are not included in this 12 % charge, that is why employer contribution turns out to be 13.11% i.e. 8.33 + 3.67 + 1.10 + 0.01
From India, Pune
4The 12 % employer contribution break up is
8.33 towards pension fund and
3.67 towards provident fund.
I believe the admin charges are not included in this 12 % charge, that is why employer contribution turns out to be 13.11% i.e. 8.33 + 3.67 + 1.10 + 0.01
From India, Pune
Regarding PF interest calculation, it is monthly compounding and round to nearest rupee. Now it is 8.5% p.a.
However I shall insert an Excel Sheet in this regard. You extend the rows (as per your requirement) and enter the the salary applicable for PF.
ABBAS.P.S, ITI LTD, PALAKKAD - 678 623
Ph. +91 9447 467 667
From India, Bangalore
However I shall insert an Excel Sheet in this regard. You extend the rows (as per your requirement) and enter the the salary applicable for PF.
ABBAS.P.S, ITI LTD, PALAKKAD - 678 623
Ph. +91 9447 467 667
From India, Bangalore
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