I 'm working in private MNC IT company where they deduct PF both share from employee & company has own trust.
I found the some mismatch of PF interest, query as below:
1) 8.65% in 2018, such an interest get on both employee and employer share monthly basis compound interest ?
For Ex. Total share of employee and employer is Rs.4400 (equal share). then end of year interest would be ₹2,309.53 for 12 months.
2) If employee leave organization & then after employee withdraw PF after 1 year, in this case we get interest between left origination to withdraw date ?
Thanks in advance