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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 Posted / 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
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