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ER Stands for the Employer Contribution in your PF Amount.
no!
Contribution refers to the amount of money that gets deposited into the pf account
Every year company will provide PF Statement which contains your PF Contribution amount, Company's Contribution amount, total amount and Interest
12% of the basic salary
No. It is set at a minimum of 12% of the employees basic salary
It allows for the estimation of the greenhouse effect and the formation of clouds.
An employee whose drawing wage or basic salary has upto rs 6500/- responsible to pay pf contribution 12 % from employer & employee respectively.
You need to fix a certain amount as basic salary if you want to deduct PF. set a minimum number as basic salary and calculate PF on it. The remaining amount based on piece rate can be added a different component in the persons salary
i request to you for above Subject. My PF Account is closed for Financial Problem reason. My Monthly salary Rs.3675/- I hope to you to PF Company Contribution Rs. 441/- is added to direct My salary.
On the basis of the Basic Salary component that is part of the salary. The amount contributed is 12% of the basic salary from employee as well as an equal contribution by the employer
Yes it is considered as cost to company, since the benefit would be enjoyed by the employee at a later stage or when he resigns from the company he can transfer or with draw the complete PF money..