Interested to Buy Any Domain ? << Click Here >> for more details...
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
- 15 Answers
- 30734 Views
- ABC, Deloitte, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
tds can be applicable on haltage(late time unloading )
IF I RECD ANY BILL TOWARDS PRINTING OF FORMS, VOUCHERS AND ON SAME VAT IS CHARGED 5%, IS TDS IS ALSO APPLICABLE FOR THE SAME.
cst rates
is WCT TDS should deducted on gross value (basic+service tax)?
What is the applicable rate of service tax on work of construction company i.e. real estate developer company plz improve my knowledge about it.
11 Answers Apex, Real Estate, Traders,
Rate of TDS On Contractor for advertisement exp.
14 Answers Atlantic BPO, DNX, Gem Granites, JM Baxi, Pradipkumar Pharma, TCS,
how to calculate service tax on tds
0 Answers ABC, HCL, Modelama Exports,
a business man purchases goods at 12.5% vat... he wants to sel l the goods to other state then central sales tax will be applicable@2%.what he can do with the input tax avai lable?
How to calculate of WCT of haryana state and what is the effect on Sales Tax, Service Tax & TDS.
what is 'H' form & when it's issu?
can anyone tell me rates of TDS for payment of contract, consultancy, advertizing, statioenry, salary, professional charges, technical fees, & honorarium for the financial year 2008-09
What should be the minimum value of Invoice for which outward form 38 is required (seller haryana buyers other states)
Audit 
