Employees who are covered by the EPF scheme make a fixed contribution of 12% of their basic salary as well as the dearness allowance to the scheme. The employer should also contribute equally to the EPF scheme. Right after with the ministry of finance consultation, the EPFO Central Board of...
How EPF is calculated from salary? Your basic salary and dearness allowance are used to calculate the EPF amount. Your contribution to EPF would be 12% of your basic salary and dearness allowance, while your employer contributes 3.67% to EPF and 8.33% to EPS. How is EPF calculated manual...
1952. An employee receiving a basic salary of Rs.6500 must contribute to EPF. As an EPF, 12% of the basic pay of an employee is deducted from the salary on a monthly basis as a contribution
The Employee Provident Fund or PF is a perquisite given to the employees over and above their basic salary, which can help them after their retirement, or at the time of any mishappening or emergency. Q. How does PF registration process help in pension?
Basic Salary More than 15000, EPS Contribution, Rejection of Transfer or EPF Claim mayur ghule My claim got rejected because of “GOVERNMENT CERTIFICATE REQUIRED” what does it means? Reply GANESH PAWAR I have applied for a monthly pension but it is showing ...
Employer Contribution: 12% of the employee's basic salary. EPF: 3.67% EPS: 8.33% EDLI (Employees' Deposit Linked Insurance): 0.5% Administrative Charges for EPF & EPS: 1.1% Administrative Charges for EDLI: 0.01% The monthly returns generated from these contributions help grow the corpus ...
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 ...
One can withdraw from the EPF corpus for the following purposes, but there are certain rules: 1. Construction of House or Property For land purchase, you can withdraw up to 24 times of basic monthly salary + dearness allowance. However, you can withdraw up to 36 times your monthly basic ...
The Employee Provident Fund Organization (EPFO) has come up with a fresh idea: more money should be deducted from your salary for Provident Fund (PF).They have announced this via a circular dated 30 November, 2012. Read on to get the full details, and how it impacts you. Provident …[...
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