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Answer / naren kumar ranasingh. A/c 1 Employee contribution = 12% Employer contribution = 3.67% A/c 2 Administrative charge = 0.85% or Rs.500/- whichever is more
Oct 22, 2021 · Generally, EPF and EPS are parts of the Employee Provident Fund Organization (EPFO) scheme in India, where EPF is a mandatory retirement savings scheme and EPS is a pension scheme. Employee Joining on 16/09/2021: If an employee joins on 16/09/2021 and the payday is 15 days in September 2021, the NCP would be 15 days.
Apr 27, 2011 · Dear Usha, Non contributory periods are those days on which the employee is on Leave without wages or LOP. You have to track the LOP days in the financial year and record it in Form 3A. This data is also required while you submit the claim for Pension. M.V.KANNAN. 29th April 2011 From India, Madras.
May 29, 2017 · Dear seniors, I have joined as a hr in a startup recently, here there are 10 employees, on what basis i should calculate PF on their salaries, here every one salaries are above 10k 29th May 2017 From India, Hyderabad
Today, when PF is submitted online then how to calculate PF on arrear. Suppose One employee basic salary is 6500 and he gets Rs 1000 as a increment. Then what will be the total PF deduction in this case. Will it be 6500*12% + 1000*12% or anything else. Regards Dinesh Kumar 6th June 2014 From India, New Delhi
Jun 18, 2018 · Interest Calcu= 7Q. = Remit Amount * Delay Date/365*12%. Damages Calcu =14B. =Remit Amount*Delay days/365* Damages % (5,10,15 or 25 %) 18th June 2018. Add Reply → Start New →. kazim2050. 2. Dear Friends please find the attachment of calculation of EPF interest and Damages with examples.
Nov 19, 2020 · There is no need to do a reverse engineering to find the EPF contribution on the basis of a fixed CTC. In deed the actual monthly salary is to be calculated on the basis of the attendance recorded for the month and based on it the employee share and an equal employer share of EPFO are to be reckoned, then the cumulative value is the CTC and not the other way round.
Nov 29, 2014 · Pf Deduction On Lop - CiteHR. rajasreepmanoj. 2. 1. Hi, For 31 days if Basic 22000 then PF = 1800,but if he is present only for 18 days then how to calculate the PF? which is correct for 18 days basic =22000/31*18=12774 then PF = 12774*.12=1533. or for 18 days PF=1800/31*18*.12=1045. 29th November 2014 From India, Ernakulam.
PF: 12% of basic salary (depends on attendence) ESI: 1.75% of gross Gratuity: 4.81% of basic. 27th January 2011 From India, Delhi. satyambhambri. 11. 4. First you have to calculate the Basic Salary which is approximately 50% of the CTC. PF calculate on the Basic. 12% for Employee Share for PF.
Nov 28, 2017 · Hi, We are herewith attached the PF Damages under section (14B) & Interest under section (7Q) calculation and sample authority notification. Kindly go through the same and revert back if any clarification required. Rate for PF Damages & Interest FOR LATE DEPOSIT OF CONTRIBUTION. DAMAGES (14B) MONTH RATE. LESS THAN 2 MONTHS 5%.
