Provident fund contribution or EPF has two sides – the employer’s contribution and employee’s contribution.This is usually12 per centof the basic salary. However, this contribution is not paid out . It is directly deposited in Provident Fund(PF) account and paid to employee when he retires...
sir, can I break up minimum wages limit into baic salary and allowances for calculation of pf contribution by employee and employer, e.g. if minimum wages limit is Rs.10000/pm can I break up this limit and offer wages as Basic pay Rs.8000 and HRA Rs.2000. in this case pf contributi...
The individual’s own contribution part of the withdrawal isn’t taxable. However, if the subscriber had asserted concluding under Section 80C on his commitment in prior years, it winds up taxable underpay. It is to be noticed that the EPF payer’s very own contribution towards EPF is qualif...
If you're employed by an organisation that employs more than 20 people and are qualified to receive EPF benefits, you receive this number. EPFO assigns every member a permanent 12-digit number: Universal Account Number (UAN). The member's UAN is connected to all the PF accounts. ...
calculated, especially where taxes are deducted. This PAN number is required as a part of many different reports that have to be submitted as a part of statutory filing. There are additional such identifiers including PF No, ESI No that transfer the benefit deductions to the correct employee ...