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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 / 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 |
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