1. Categories >> Accounting >> Taxation
  2. Suggest New Category

Do companies pay exactly same amt of P.F (as employer's
Contribution )as deducted from employee's salary
Eg. employee's cont. 5000/-
employer's cont. 5000/- is it

Question Posted / vinay valmiki

Answers were Sorted based on User's Feedback



Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employ..

Answer / shafi

In PF, Employee Contribution is 12% of basic Pay maximum
contribution is Rs 780
And Employer contribution presently 13.65 of Basic pay that
limited to 887.25

Total PF will be 1667.25

Is This Answer Correct ?    0 Yes 0 No

Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employ..

Answer / s p yadav

Dear All

Emplyee Side- 12 % of Basic + DA and maximum cellig limit
of PF Rs. 6500/- PF 780/- and

Employer Side - 13.61% of Basix + DA contribution would be
6500 * 13.61% = 885. as per list

Provident Fund : 3.67%
Pension Scheme : 8.33%
Admin Charges of PF : 1.10%
EDLI : 0.5%
Admin Charges of EDLI : 0.01% (Employee Deposit Link
Insurance

Note: Employee can availe the benefit of voluantry
contribution in PF A/c.

Thanks

Is This Answer Correct ?    0 Yes 0 No

Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employ..

Answer / rahul

It is right that Rs. 1665/- has to be deposited by employer including employee and employer contribution along with admin charges.
But what steps can be taken under PF act to sue the employer if they deduct 1.61% admin charges from the Employee.

In my case employer is deducting total Rs.1665/- from employee salary. Is this correct or can it be sued as it is against the PF rules?

Is This Answer Correct ?    0 Yes 0 No

Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employ..

Answer / shweta gupta

Yes

Is This Answer Correct ?    13 Yes 16 No

Do companies pay exactly same amt of P.F (as employer's Contribution )as deducted from employ..

Answer / pradeep soni

yes

Is This Answer Correct ?    7 Yes 14 No

Post New Answer

More Taxation Interview Questions

Explain the Calculation of Sales Tax?

0 Answers   Cognizant, Petron ltd,

I am getting a salary of 50000 Rs Net salary. After showing my rent bills and children school bills, still I am being deducted a TDS amount of 2000. Is there any chance of even avoiding this amount to be deducted by investing in any insurance. Please give me a suggestion.

2 Answers  

is all type of tds is refundable or not please explain?

1 Answers  

What are the Interest Rate on Entry tax in UP ??

3 Answers  

why direct tax as a career field? why u have chosen direct tax as a field?

0 Answers  




I have made our pan card in delhi.so, i want to confirm that it is mandatory that I shall fill our income tax return in delhi

2 Answers  

Central Railway i.e. Central Govt. takes material through works Contract in Maharashtra State.The contractor purchases material from other states say M.P. or U.P. state. Due to inter state purchase of material the contractor is asking for C form. Whether Central Railway is eligible to get C form? Whether we will able to get C Form from Sales Tax Dept. so as to hand over to contractor ?

1 Answers  

what is central excise tax

0 Answers   Reliance,

can i adusted our vat credit in W.C.T. payable?

0 Answers   LBC,

Hospital and Telecomunication Service Tax Applicable or Not ?

3 Answers  

tds can be applicable on haltage(late time unloading )

2 Answers  

What is "E1 Form" ? what are the types in that? why it is used?

1 Answers  

For more Taxation Interview Questions Click Here
Categories