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How is Provident Fund(PF) calculated? Print

Modified on: Fri, 19 Nov, 2021 at 4:39 PM

Employee PF calculated as 12% of (Basic pay+PF Applicable Allowances)

Employer PF calculated as 13% of (Basic pay+PF Applicable Allowances)

However this 13% is further divided into:

3.67% of contribution towards Employees’ Provident Fund
0.5% of contribution towards EPF Administration Charges
0.5% of contribution towards EDLI Administration Charges
8.33% of contribution towards Employees’ Pension Scheme

If (Basic pay+PF applicable allowances) is greater than Rs 15000/- then PF will be calculated for Rs 15000/- only.

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