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Epf contribution rate - EPF Contribution





Nonetheless, you will not earn interest if your account has become inoperative i.


Rates of PF Employer and Employee Contribution




The employee has to make a lower 10% contribution in case the establishment has less than 20 employees or for industries such as a Jute b Beedi c Brick d Coir and e Guar gum Factories.





EPF Contribution Rate 2022 Category Percentage of contribution % Employees Provident Fund 3.



They can claim the same while filing income tax returns.








Rates of contribution of EPF, EPS, EDLI, Admin charges in India


In that case, the amount will be taxable to the employee.




Description: If PAN card is not submitted, then TDS is at the maximum marginal tax rate.

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Views: 6208 Date: 01.01.2023 Favorited: 9 favorites
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    +262reps
    The contribution can also vary in the case of women employees. In the union budget 2018-2019, new women employees can make an EPF contribution of 8% instead of 12%. This privilege is only for the first three years of employment. Even though a woman employee contributes 8% towards EPF, the employer has to maintain its EPF contribution at 12%.
    By: ExoticEnergy|||https://www.facebook.com/NewEnergyStuff/posts|||https://twitter.com/sofianjuniardi|||https://www.youtube.com/channel/UC-wPvgMWJupTHhG3Vj4mn_A
    +76reps
    For most employees, the PF contribution is 12% of the basic salary. The below is the given details of employee and employer contribution towards EPF: Employee’s contribution towards EPF The employer deducts 12% of the employee’s salary (basic + dearness allowance) directly every month for a contribution towards EPF.
    By: chow92|||https://www.facebook.com/beryl.chow92|||https://twitter.com/Chow_Chow92|||https://www.youtube.com/channel/UCE8kV_pojFd1KRA8nonri8Q
    +96reps
    1. Employees’ Provident Fund Scheme, (EPS) 1952 2. Employees’ Deposit Linked Insurance Scheme, (EDILS) 1976 3. Employees’ Pension Scheme, 1995 (replacing the Employees’ Family Pension Scheme, 1971) (EPS) Table below gives the rates of contribution of EPF, EPS, EDLI, Admin charges in India. Tags: EDLI, EPF, Provident Fund
    By: Badgerbean|||https://www.facebook.com/WIBeanGrowers/|||https://twitter.com/badgerbean/status/987056756500193288|||https://badgerbean.com/
    +220reps
    When calculating interest, the interest applicable per month is = 8.10%/12 = 0.675%. Assuming the employee joined service on 1st April 2021, contributions start for the financial year 2021 – 2022 from April. Total EPF Contribution for April = ₹ 2,350.
    By: DontGiveUpToday|||https://www.facebook.com/kgandthedrive/photos/pb.693833193978741.-2207520000.1566979186./2846746695354036/|||https://twitter.com/JaredKrumm|||https://www.youtube.com/watch?v=_7-RPCSfNo0
    +69reps
    NOTE: EPF employee contribution rate has been revised from 11% to 9% from January 2021 (February 2021’s contribution) up to December 2021 (January 2022’s contribution). What are the minimum contribution rates? (For Employees aged 60 years old and below) 1. Monthly salary of RM5,000* or less: Employee contributes 11% of his monthly salary.
    By: dsinisterra|||https://www.facebook.com/Prodigy-306145500096552/|||https://twitter.com/dsinisterra|||https://www.reddit.com/user/dsinisterra/gilded/
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