Dear Bandaru,
PF calculation is as here under--
Calculations: P.F from Basic Employee: 12% (P.F) Employer: 3.67% Provident Fund (A/c 1) + 8.33% Pension (A/c 10) + 1.10% Admin Charges on PF (A/c 2) + 0.50% EDLI (A/c 21) + 0.01% Admin Charges on EDLI (A/c 22) =>13.61% on basic * Pension (8.33% or 541/- which ever less)
Form full detail on PF click on link below
STATUATORY COMPLIANCE FOR H.R &; LABOUR LAWS: Provident Fund Full Details
From India, Mumbai
24PF calculation is as here under--
Calculations: P.F from Basic Employee: 12% (P.F) Employer: 3.67% Provident Fund (A/c 1) + 8.33% Pension (A/c 10) + 1.10% Admin Charges on PF (A/c 2) + 0.50% EDLI (A/c 21) + 0.01% Admin Charges on EDLI (A/c 22) =>13.61% on basic * Pension (8.33% or 541/- which ever less)
Form full detail on PF click on link below
STATUATORY COMPLIANCE FOR H.R &; LABOUR LAWS: Provident Fund Full Details
From India, Mumbai
it is for you:
salary 6200
PF DEDUCTION:744 (6200*12%)
PF EMPLOYER CONTRIBUTION:FPS : 516.46 ROUNDED TO 517 (6200*8.33%)
EPF : 227 (744 LESS 517)
DETAILS FOR REMITTANCE:
TOTAL PF SALARY 6200
TOTAL EPF EMPLOYEE: 744
TOTAL EPF EMPLOYER: 227
TOTAL FPS EMPLOYER: 517
PAYABLE AMOUNT:
ACCOUNT NO.1 : EPF (744+227) = 971
ACCOUNT NO.2 : ADMIN CHGS ON EPF: (TOTAL PF SALARY * 1.1%) 69
ACCOUNT NO.10: FPS EMPLOYER 517
ACCOUNT NO.21: EDLIF (TOTAL PF SALARY * 0.5%) 31
ACCOUNT NO.22: ADMIN CHGS ON EDLIF (TOTAL SALARY * .01%)0.62 1
TOTAL AMOUNT OF CHALLAN 1589
From India, Madras
salary 6200
PF DEDUCTION:744 (6200*12%)
PF EMPLOYER CONTRIBUTION:FPS : 516.46 ROUNDED TO 517 (6200*8.33%)
EPF : 227 (744 LESS 517)
DETAILS FOR REMITTANCE:
TOTAL PF SALARY 6200
TOTAL EPF EMPLOYEE: 744
TOTAL EPF EMPLOYER: 227
TOTAL FPS EMPLOYER: 517
PAYABLE AMOUNT:
ACCOUNT NO.1 : EPF (744+227) = 971
ACCOUNT NO.2 : ADMIN CHGS ON EPF: (TOTAL PF SALARY * 1.1%) 69
ACCOUNT NO.10: FPS EMPLOYER 517
ACCOUNT NO.21: EDLIF (TOTAL PF SALARY * 0.5%) 31
ACCOUNT NO.22: ADMIN CHGS ON EDLIF (TOTAL SALARY * .01%)0.62 1
TOTAL AMOUNT OF CHALLAN 1589
From India, Madras
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Salary Sheet & PF PT Calculation & Challan Nov 2010.xls