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Categories  >>  Accounting  >>  Taxation
 
 


 

 
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Question
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 Submitted By :: Vinay Valmiki
I also faced this Question!!     Rank Answer Posted By  
 
  Re: 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
Answer
# 1
Yes
 
Is This Answer Correct ?    7 Yes 3 No
Shweta Gupta
 
  Re: 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
Answer
# 2
yes
 
Is This Answer Correct ?    2 Yes 3 No
Pradeep Soni
 
 
 
  Re: 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
Answer
# 3
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 ?    4 Yes 0 No
Vinay Kumar Kharbanda
 
  Re: 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
Answer
# 4
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 ?    0 Yes 0 No
Vinay Kumar Kharbanda
 
  Re: 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
Answer
# 5
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 ?    2 Yes 0 No
Shishu Pal Yadav
 
  Re: 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
Answer
# 6
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
Vinay Kumar Kharbanda
 
  Re: 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
Answer
# 7
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 0 No
Vinay Valmiki
 
  Re: 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
Answer
# 8
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 ?    2 Yes 0 No
Shishu Pal Yadav
 
  Re: 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
Answer
# 9
how do get this figure of Rs.41667/- kindly explain
 
Is This Answer Correct ?    1 Yes 0 No
Vinay Valmiki
 
  Re: 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
Answer
# 10
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 ?    1 Yes 0 No
Shishu Pal Yadav
 

 
 
 
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