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    This document outlines the contribution rates and account numbers for the Employee Provident Fund (EPF) in India. The EPF applies to establishments with 20 or more employees and has a wage ceiling of Rs. 6,500. The contribution rates are 12% of basic wages for employees and 3.67% for employers to Provident Fund Account 1. Other contribution rates include 1.1% of total wages to Account 2 for administrative charges, 8.33% of basic wages to Pension Fund Account 10, 0.5% of total wages to Employees Death Insurance Account 21, and 0.01% of total wages to Inspection Charges Account 22. An example calculation is provided for an employee with a basic wage of Rs

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    PF rate account wise

    Original Title

    PF rates / account

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    This document outlines the contribution rates and account numbers for the Employee Provident Fund (EPF) in India. The EPF applies to establishments with 20 or more employees and has a wage ceiling of Rs. 6,500. The contribution rates are 12% of basic wages for employees and 3.67% for employers to Provident Fund Account 1. Other contribution rates include 1.1% of total wages to Account 2 for administrative charges, 8.33% of basic wages to Pension Fund Account 10, 0.5% of total wages to Employees Death Insurance Account 21, and 0.01% of total wages to Inspection Charges Account 22. An example calculation is provided for an employee with a basic wage of Rs

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    Download as docx, pdf, or txt
    9 views1 page

    PF Rates / Account

    Uploaded by

    Savoir Pen
    This document outlines the contribution rates and account numbers for the Employee Provident Fund (EPF) in India. The EPF applies to establishments with 20 or more employees and has a wage ceiling of Rs. 6,500. The contribution rates are 12% of basic wages for employees and 3.67% for employers to Provident Fund Account 1. Other contribution rates include 1.1% of total wages to Account 2 for administrative charges, 8.33% of basic wages to Pension Fund Account 10, 0.5% of total wages to Employees Death Insurance Account 21, and 0.01% of total wages to Inspection Charges Account 22. An example calculation is provided for an employee with a basic wage of Rs

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    Any establishments employing 20 or more employees come under the PF Act. Wage ceiling of PF is Rs. 6,500/-.

    The rate of PF contribution


    from Employees Salary is 12% of basic.
    A/c No. 1 Employees Share 12% of Basic PF Employers Share 3.67% of Basic EPF
    A/c No. 2 Employers Share 1.10% of total wages Admin Charges
    A/c No. 10 Employers Share 8.33% of Basic Pension Fund
    A/c No. 21 Employers Share 0.50% of total wages Employees Death
    Insurance
    A/c No. 22 Employers Share 0.01% of total Wages Inspection Charges

    Eg- Basic is 7500


    Contribution Towards

    Rate

    Calculation

    Amount

    E Provident F
    Employee Share
    E Pension F
    Employer Share
    EPF Employer
    Share
    EDLI Charges
    EPF Admin
    Charges
    EDLI Admin
    Charges

    12%

    7500 * 12

    900

    Account
    No
    1

    8.33%

    6500 *8.33%

    541

    10

    359

    0.5%
    1.1%

    7500*12% 541
    7500 * 0.5%
    7500 * 1.1%

    38
    83

    21
    2

    0.01%

    7500 * 0.01%

    22

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