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Hi Anybody send me details of the pf deductions after hike basic of more than 6500 and send me details of salary structure plzzzzzzzzzzzzz regards udayakumar buday12345@gmail.com
deduction of PF above monthly salary of Rs.6500/- ( Basic+DA) is exempted only if he is a newly recruited employee. More clearly, if a person's salary (Basic+DA)was increased from 6000 to 6700 the employee will not be exempted, but he has to pay @12% of 6500, the wage ceiling.
PF Percentage:-
12% From Employee (Basic)
13.61% Employeer (Basic)
2. Account No. on PF Challan:-
A/C No. 1 - 3.67% Employer Share and 12% Employee Share (PF Account)
A/C No. 2 - 1.10% Employer Share (Admn. Charges)
A/C No. 10- 8.33% Employer Share (Pention Scheme)
A/C No. 21- 0.50% Employer Share (Employee Deposit Link Insurance)
A/C No. 22- 0.01% Employer Share (EDLI Ins. Charges.)
3. PF Challan Should be deposit before 15th of every month but grace period is 5 days.
4. PF Monthly return should be deposit before 25th of every month.
ATUL CHADHA
9999004060:):)
PF Percentage:-
12% From Employee (Basic)
13.61% Employeer (Basic)
2. Account No. on PF Challan:-
A/C No. 1 - 3.67% Employer Share and 12% Employee Share (PF Account)
A/C No. 2 - 1.10% Employer Share (Admn. Charges)
A/C No. 10- 8.33% Employer Share (Pention Scheme)
A/C No. 21- 0.50% Employer Share (Employee Deposit Link Insurance)
A/C No. 22- 0.01% Employer Share (EDLI Ins. Charges.)
3. PF Challan Should be deposit before 15th of every month but grace period is 5 days.
4. PF Monthly return should be deposit before 25th of every month.
ATUL CHADHA
9999004060:):)
Dear Mr Uday, PF deduction is 12.36% in any case. This is for an employee as well as employer Regds, Supriya
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#Listed In: pf account salary structure pf challan central government City-India-Hyderabad Country-India
Deductions available under various sectios of IT act.doc
