Post by rajesh on May 11, 2012 2:11:36 GMT 5.5
Employees contribution (means 12%) directly goes in Provident fund a/c. but,
Employer's contribution (13.61%) is divided in to 5 part as mentioned below..
1) 8.33% goes in Pension Fund
2) 3.67% goes in Provident Fund
3) 0.50 % goes in EDLI (Employees Deposit Link Insurance)
rest 1.61 % divided in Admin Charges
1) 1.10% Admin charges on PF A/c
2) 0.01% Admin charges on EDLI a/c
If you see you annual PF slip carefully, So, you will found that, Provident Fund amount details only mentioned in annual slip, it means not mentioned the Pension amount details.
Employer's contribution (13.61%) is divided in to 5 part as mentioned below..
1) 8.33% goes in Pension Fund
2) 3.67% goes in Provident Fund
3) 0.50 % goes in EDLI (Employees Deposit Link Insurance)
rest 1.61 % divided in Admin Charges
1) 1.10% Admin charges on PF A/c
2) 0.01% Admin charges on EDLI a/c
If you see you annual PF slip carefully, So, you will found that, Provident Fund amount details only mentioned in annual slip, it means not mentioned the Pension amount details.