Provident fund employee and employer contribution details?

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I am a private employee, Pls. explain how much employee and employer contribution in Employee provident fund and where can I see that?

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Posted by Seemant
Asked on 2017-09-18 12:55 am
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When you start working, you and your employer both contribute 12% of your basic salary (plus dearness allowances, if any) into your EPF account . The entire 12% of your contribution goes into your EPF account along with 3.67% (out of 12%) from your employer, while the balance 8.33% from your employer’s side is diverted to your EPS (Employee’s Pension Scheme) . It’s important to note that if your basic pay is above Rs. 6,500 per month, your employer can only contribute 8.33% of 6,500 (i.e. Rs. 541) to your EPS and the balance goes into your EPF account. Source: Bank Bazaar

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Posted by Gunjan (Questions: 2, Answers: 126)
Answered on 2017-11-19 5:21 pm
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