CA Biswaranjan (job) (149 Points)
23 October 2008plz any 1 tell
if 1 employee gets salary of Rs10,000.00 pm then how much amount need to be contributed by employer and employee.
give ans with suitable examples
also tell-total of employee contribution will be transfered to pf a/c,
how much of employers contribution will be transfered to pf, pension fund and EDLI
Arvind k Singh
(Manager-Finance & Accounts)
(88 Points)
Replied 23 October 2008
| Originally posted by :biswaranjan | ||
| " |
Employee Employer
12 % 13.61%A/c No 1: PF contribution Account 12 3.67 A/c No 2: PF Admin account 1.10 A/c No 10: EPS account 8.33 A/c No 21: EDLIS account 0.50 A/c No 22: EDLIS admin account 0.01 |
" |
CA CS Akashdeep Singh
(Practicing CA)
(1394 Points)
Replied 23 October 2008
|
Thanks...really a good information Originally posted by :Arvind |
||
| " | Originally posted by :biswaranjan " Employee Employer A/c No 1: PF contribution Account 12 3.67 A/c No 2: PF Admin account 1.10 A/c No 10: EPS account 8.33 A/c No 21: EDLIS account 0.50 A/c No 22: EDLIS admin account 0.01 12 % 13.61% " |
" |
Juzer Sadikot
(CA - innovative solutions for Imports and Exports)
(1309 Points)
Replied 07 November 2008
Hi all
If an employee is earning salary (for the purpose of PF) of Rs. 10,000.00 then employer is not statutarily liable or oblige to deduct pf and contribute his matching contribution to PF. The eligibility for PF scheme is the person earning salary upto Rs. 6500.00 pm.
Regards
CAclubindia
