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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
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Answer / vinay kumar kharbanda
The employer have to pay equal amount of PF deducted which
is limited upto 12% of Basic Wages. But in addition the
employer have to pay 1.61% as administrative expenses. It
is also to be considered that the threshold limit of PF
deduction is Rs.6500/-. The excess amount of salary is to
be ignored.In present question employer have to deposit
Rs.5000/-employee cont.+Rs.5000/-employee cont.+Rs671/-as
admin.charges. So total amount to be deposited by employer
is 10671/-
| Is This Answer Correct ? | 15 Yes | 1 No |
Employer contribution 12% of basic (maximum on Rs. 6500)
Emplyees Contirbution 12% of basic (Maximum on Rs. 6500)
But 1.61% extra has to paid by employer's as a Admin
charges.
Gross Amount will be deposit in PF.
1. Employer's Of Rs. 780+105 (12%+1.61%on 6500/-)
2. Employee's Of Rs. 780 (12% on 6500/-
Total 1665/-
| Is This Answer Correct ? | 10 Yes | 1 No |
Accourding To Answer No 3 by Mr. Vinay Kumar Kharbanda
Employer's contribution 5000/- on Rs. 41667/-
Employee's Contribution 5000/- on Rss. 41667/-
Admin Pay by Employer's 1.61% - on Rs. 41667/- = 671
Total Payable by Employer's = 10671/-
| Is This Answer Correct ? | 4 Yes | 1 No |
Answer / vinay kumar kharbanda
In my answer to PF question wrongly entered as employee
contribution twice which is to be read one part of employer
and other of employee contribution.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vinay valmiki
how do get this figure of Rs.41667/- kindly explain
| Is This Answer Correct ? | 1 Yes | 0 No |
Suppose Basic Salary Rs. 100
PF on 100 rs.@12% 12
when we paid 12 rs. on= 100
What will be on Rs. 5000*100 / 12= 41667
| Is This Answer Correct ? | 5 Yes | 4 No |
Answer / dhokchaule kishor
No, Employer only liable to contribute 12% of the basic
salary of employee plus admin charges, not equal to
employees contribution,
If salary is Rs-5000/-
Employee contribution-Rs.600/-
employer contribution-Rs.600/-+ admin charges
in this case if employee contribute 18%,i.e.Rs.900/- then
employer not liable to contribute same amount his share is
only 12% i.e. Rs.600/-
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / vinay kumar kharbanda
I am agree with Shishu Pal Yadav becasue when we think
about only single employee the maximum amount payable by
employer including employee contribution is Rs.1665/-. When
we think about more than one employee then it comes to
Rs.10671/-
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / vinay valmiki
shishu pal has actually confused what is this 780?
take simple eg of Rs.5000/- & max limit & then explain
Mr. Kharbanda was more clear
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / jassi
Clarification with an Example:Provident Fund
Assuming the (Basic + DA + Food Allowances)= Rs.6500
Employee's Contribution:12% of 6500 = Rs 780
+
Employer's Contribution: 12% of 6500= Rs 780 + 1.61% of 6500=105
So employers contribution= 780+105= 885
Hence the total contribution in PF Account= Emplyoee + Employer
780+885=1665
| Is This Answer Correct ? | 0 Yes | 0 No |
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