DEDUCTION OF PROVIDENT FUND
This query is : Resolved
25 August 2010
TELL ME HOW MUCH DEUCTION OF PROVIDENT FUND SHOULD BE MADE BY EMPLOYER AS PER PF LAW FROM SALARY IN INDIA. IN GENERAL IT IS 12% BUT BELOW 12% IS POSSIBLE. EXPLAIN ME IN DETAIL WITH EXAMPLE. PLEASE CLEAR TO ME EMPLOYER SHOULD DEDUCT 12 % TOTAL BOTH FOR EMPLOYEE AND EMPLOYER'S CONTRIBUTION I.E. 06 OF EACH OR THEY SHOULD GO FOR 12% OF EACH I.E. 12% OF EMPLOYEE AND 12% OF EMPLOYER.
25 August 2010
bifurcation for 12 % deduction
12 % for Employee &
12 % for employer [ 8.33 % in EPF account &
3.67 % in PFC Account]
12 % for Employee &
12 % for employer [ 8.33 % in EPF account &
3.67 % in PFC Account]
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