employee provident fund

This query is : Resolved

Ashraf Ali (Querist)
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02 August 2010 May I know the details of epf and how to audit the details of epf and how to calculate employee and employer contribution ??

CA Sanat Pyne

CA Sanat Pyne (Expert)
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02 August 2010 youn can visit this link to gain knowledge.

http://www.epfindia.com/

CMA. Subhash Kumar Jha

CMA. Subhash Kumar Jha (Expert)
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02 August 2010 Employee contribution : 12 % of (basic + DA)

Employers Contribution : 8.33% (Pension Fund)
: 3.67% (provident
fund)

For other procedural details go to the site posted above.

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CMA Ramesh Krishnan

CMA Ramesh Krishnan (Expert)
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02 August 2010 One more option is there for calcualtion - In employer contribution Pension fund can be restricted 8.33% on only the basic limit of wages which is R.6500