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Tuesday 20 May 2014

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EPF Calculation ( A/c wise )

Employee 12% 
(Basic wages, dearness allowance, cash value of food concession and retaining allowances if any)
Employer 13.61%
Contribution:
3.67% = Provident Fund (A/c No.1)
8.33% = Pension Fund (A/c No.10)
0.5% = EDLIS -Employees Direct Linked Insurance Scheme (A/c No.21)
Administrative Charges: 
1.10% of emoluments = Provident Fund (A/c No.2)
0.01% of emoluments = EDLIS (A/c No.22)

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