As a result, for a person earning Rs 20,000 per month, the total contribution to the EPF account will be the employee contribution plus the employer contribution, which will be Rs 3,134. Rate of current interest
Surya Bhatia
In the EPF scheme, both employees and employers contribute a portion of the employee's basic salary each month. Typically, an employee contributes 12% of their basic pay, while the employer matches this contribution. This combined amount is deposited into the employee’s EPF account. Over time...
The Employee needs to follow up for no fault of his. Yes, it sucks but you need to fight out to get your money.For your next job make sure that your entire Employer contribution is going towards EPF The solution suggested by EPFO is “You are advised to approach the employer for rectif...
employee is deducted from the salary on a monthly basis as a contribution for an EPF account. The contribution of the employer is 12% which is divided into two parts as 8.33% for Employee Pension Scheme (EPS) and 3.67% for Employees’ Provident Fund (EPF). The rate of interest is ...
Monthly depository & withdrawal contribution of the employee and the employer Monthly contribution towards the pension account of the employee Any previous account that has been transferred to the existing UAN The date and time of the printing of the passbook is also mentioned at the end of the ...
1) 3 months of Basic wages and Dearness allowance. Check your Payslip for basic salary and Dearness allowance. 2)75% of EPF Corpus amount till now. The amount standing to the credit in EPF includes employee’s share, employer’s share and interest thereupon ...
Employer can include PF contribution in cost to companyStaff Writer