Various a/c head in p.f slip.

This query is : Resolved

Suresh M.Moolya (Querist)
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07 October 2011 In the provident fund payment slip, there are free account heads i.e A/C NO.1; A/C NO.2; A/C NO.10; A/C NO.21 & A/C NO.22.

What do these various account heads resemble? What is the basic logic behind these various heads?

sharma.ctc@gmail.com

sharma.ctc@gmail.com (Expert)
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08 October 2011 Dear Suresh,
These Account number resembles the code of account in which we deposit the money.

A/C No : 01 - Provident Fund
A/C No : 10 - Pension Fund
A/C No : 02 - Administration Charges
A/C No : 21 - EDLI Charges, and
A/C No : 22 - Inspection Charges.

A/c. Number 01 & 10 are one type of deposit on which Interest is calculated by PF dept and the same is been given to the person on whose name it belongs to.

Last 3 accounts are expenses for the depositor or you can say its an income to the PF dept for providing services, etc.

Hope it is clear to you now.

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Suresh M.Moolya

Suresh M.Moolya (Querist)
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10 October 2011 Dear Sharmaji,

Thanks very much for the prompt response, thereby clearing my doubts.

With Humble Regards,

Suresh M.Moolya

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