Epf

This query is : Resolved

Sairam (Querist)
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13 May 2013 Dear All,

1.When EPF is applicable
2.what is percentage of contribution of employer and employee
3.can any employer need not contribute for PF
4.is employees contribution added in his salary or it is straightly allowed as deduction under chapter VI A
5.wat is taxability of employers contribution
6.wat is salary for the purpose of PF

CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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05 September 2013 1. EPF apply when the company has employees more than 19 employees

2. 12% of employee contribution to PF & 8.33% employer contribution to Pension fund and 3.67% employer contribution to PF

3.yes. need to contribute

4.it is straight allowed u/s.80C
5. Employer contribution is exempted from tax

6. Salary is the basic salary for the purpose of PF