PF Basic Break up

	Message From: msrinivas	Total Posts: 4	Join Date: 16/04/2009
Rank: Beginner	Post Date: 20/07/2011 00:30:35	Points: 20	Location: India

Dear Members,

Please let us know what is basic rule for PF Basic break up.

M Srinivas 9
9866005600

srisu2412@rediffmail.com

	Message From: msrinivas	Total Posts: 4	Join Date: 16/04/2009
Rank: Beginner	Post Date: 24/12/2011 07:34:03	Points: 20	Location: India

Dear Members,

I am not asking rate of PF and other administrative charges, instead I am asking how mmuch should be the percentage of basic out of total salary?

M Srinivas

Ramky Group of Companies

srisu2412@rediffmail.com

9866005600

	Message From: Ritvik	Total Posts: 3	Join Date: 16/04/2009
Rank: Beginner	Post Date: 03/01/2012 01:40:21	Points: 15	Location: India

Hi,

Provident Fund
The person drawing wage up to 6500 Per month is eligible for PF
The PF is calculated on the basis of basic+D.A(dearness allowance)
Here you have to note one thing
6500 is eligible only for normal people
upto 25000 for Physically challenged
Employees contribution:12%
Employer contribution:13.61%

3 Accounts are there in the calculation of PF
1.EPF-The Employees' Provident Fund Scheme
2.EPS-The Employees' Pension Scheme
3.EDLI-Employees' Deposit Linked Insurance Scheme

For the calculation of EPF-12% of Employee contribution is added and 3.67% added from employer's contribution

For the calculation of EPS- 8.33% will go for Pension from Employer contribution and

For EDLI-1.61% from Employer contribution
1.1% Admin charges For EPS and EPF
0.5% EDLI Premium
0.01% Admin charges for EDLI

	Message From: lavanyagalgali	Total Posts: 2	Join Date: 16/04/2009
Rank: Beginner	Post Date: 11/01/2012 04:21:45	Points: 10	Location: India

HI ,

PF will be calculated on Basic salary ( 40% of CTC ) . 12% of Basic is PF .

1.Employer who have more 20 employees in his company he has to register for PF .

2.Employees who's basic is more than /equal to 6500 are eligible for PF contribution .

3. Employees can opt for PF contribution on basis of two things : either they can pay 780 Rs ( ie. 12% of 6500 ) or they can pay 12% of actual basic pay .

4. Employers also have the options like they can pay only 780 rs or 12% of actual basic or only 1.61% ( administrative charges ) .

5. these options should inform to the PF office at the start of financial year .

Hope this is usefull for you .. if u need more info let me know

	Message From: vijaykalimicherla	Total Posts: 1	Join Date: 16/04/2009
Rank: Beginner	Post Date: 17/01/2012 03:56:33	Points: 5	Location: India