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Both Employer and Employee Contribute towards PF

 

Employee Contribution to PF

12% of (Basic Salary+ DA)

Note:- In case of Private Companies,there is no DA (Dearness Allowance) ,hence it is 12% of Basic

 

Employer Contribution

Employer (Company) also contribute 12%

but it goes in 2 heads

  • Employee Pension Scheme (EPS) 8.33%
  • Difference 

 1 pf-image-2.png

Question 1

Particulars Case 1 Case 2
Basic  5000 50000
DA 1000 10000
Special Pay 4000 40000
Total 10000 100000

Calculate the following

Particulars Case 1 Case 2
Gross Salary    
     
EPF    
     
EPS    
Difference    
Total ER contribution    
     
Net Salary    
     
EPF Wages     
EPS wages    
View Answer

Question 2

What is EPF Wages?

View Answer

Question 3

What is EPS Wages?

View Answer

Other Charges Paid by Employer

PF.jpg

                                                                Note:-Total here means total of all employees

 


  1. Tax Practical
  2. Practical Payroll (TDS Salary,PF,ESI)
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About the Author

CA Maninder Singh's photo - Expert in Practical Accounts, Taxation and Efiling
CA Maninder Singh
CA Maninder Singh is a Chartered Accountant for the past 8 years. He provides courses for Practical Accounts, Taxation and Efiling at teachoo.com .
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