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THE EMPLOYEES' PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 CONTRIBUTION PF is deducted on Basic wages of an employee per month. Employee contributes 12% of their basic salary per month . Company contributes equal amount I.e. 12% + 1.61% admin charges. There are Three aspects in PF act, Viz:- PF, Pension, Employees Deposit Linked Insurance (EDLI). Employee contributes 12% of their basic salary per month to the PF A/c . Company contributes equal amount I.e. 12% + 1.61% admin charges. The breakup is as follows : 8.33% in Pension Fund i.e. A/c X. Balance 3.67% (12.00 – 8.33) in PF i.e. A/c I . 1.10% in A/c II as Admin charges . 0.50% in A/c XXI as EDLI contribution . 0.01% in A/c XXII as Admin for EDLI. Note: Where the employer undertakes a scheme under LIC equivalent to EDLI, then the employer has to get approval from PF authorities.After getting the approval, it can stop contributing to A/c XXI and A/c XXII . .....back

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