Provident Fund

PF- Deduction & Deposit Related

How much needs tobe deducted every month:          

 • 10% of employees monthly salary            

 •  Addl.1,67%is contributed by the employer            

 • The NGO also has to deposit 8.33% for the Pension Fund            

 •  Calculate contribution on the basis of actual  salary drawn during a  month.              

  • Salary,   D.A (Dearness Allowance) and  basic salary/wages    

 Deposit the amount 

    • After deduction  organizations need  to deposit within 15days by       

      preparing a separate cheque or bank drafts for contribution           

             • Cheque/draft should be in the name of Provident Fund Commissioner                   

             • Use separate PF challans for depositing each type of contribution         

             • Deposit the cheques in State Bank of India or Reserve Bank of  India or any

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