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.