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# What is the percentage of PF in India?

## What is the percentage of PF in India?

Out of the 12% contribution, 8.33% goes towards the Employee Pension Scheme Account, and the remaining 3.67% goes to the employee EPF account. It is compulsory for all employees who draw a basic salary of less than Rs 15,000 per month to become members of the EPF.

### What is the percentage of provident fund?

The employee contributes 12 percent of his or her basic salary along with the Dearness Allowance every month to the EPF account. For example: If the basic salary is Rs. 15,000 per month, the employee contribution shall be 12 % of 15000, which comes to Rs 1800/-. This amount is the employee contribution.

#### What is the percentage of PF contribution by employer?

The contributions payable by the employer and the employee under the scheme are 12% of PF wages. From the employer’s share of contribution, 8.33% is contributed towards the Employees’ Pension Scheme and the remaining 3.67% is contributed to the EPF Scheme.

How is PF Challan calculated?

In this example, we have considered one PF contributing employee whose Basic+DA = 15,000….Calculation of PF admin charges.

Accounts of pf challan Employer Contribution Calculation
A/C no 10: EPS account 8.33% 15000*8.33%=1249.5
A/C no 21: EDLI account 0.5% 15000*0.005=75
Total 1950

Can we deduct PF above 15000?

For the PF deduction, the maximum limit of salary of the employee is Rs 15,000 per month. This means that even if the employee’s salary is above Rs 15,000, the employer is liable to contribute only on Rs 15,000 that is Rs 1,800. The statutory compliance for PF contribution has some less known facts associated with it.

## What is new rule of PF deduction?

The rule requires all PF accounts to be split into separate accounts – one with the taxable contribution and interest earned on that component, and another with the non-taxable contribution that shall include the closing balance of the PF account as on March 31, 2021 and all fresh non-taxable contributions and interest …

### What are the percentages of EPF in India?

The amount routed to EPS would be Rs. 1250 for employees whose basic pay amounts to Rs 15,000 or more. However, if the basic pay is less than Rs 15000, then 8.33% of such amount would be routed to EPS, the balance will be retained in the EPF scheme.

#### What is the exact percentage of PF and gratuity in?

Provident fund which is one of the employee benefits is deducted from employees salary @12% of basic+DA & @12% is also contributed by the employer to his PF Account. Out of the 12% of employers contribution, 8.33% goes to pension fund upto limit of Rs.1250/- & balance is contributed to PF account. Gratuity is not calculated in percentage.

Which is the single largest party in Delhi?

In the 2013 Delhi state elections, the Bharatiya Janata Party (along with its pre-poll ally Shiromani Akali Dal) emerged as the single-largest party, winning 32 out of the 70 seats. However they fell short of an outright majority and therefore were unable to form the government.

How much does the employer pay for PF?

The PF contribution paid by the employer is 12% of (basic salary + dearness allowance + retaining allowance). An equal contribution is payable by the employee.