What is Account 2 in PF Challan?
The various accounts of PF Challan are as mentioned below….PF / ESIC rate of deduction for both Employee & Employer contribution.
| Employee | Employer | |
|---|---|---|
| A/c No 1: PF contribution Account A/c No 2: PF Admin account A/c No 10: EPS account A/c No 21: EDLIS account A/c No 22: EDLIS admin account | 12 | 3.67 |
| 1.10 | ||
| 8.33 | ||
| 0.50 |
What is Account No 10 in PF Challan?
Account 10: This is a section where contributions to pension funds are mentioned. Account 21: This is the part that deals with the Employee Deposit Linked Insurance and contributions made towards it.
What is Account No 22 in PF?
A/C No 22 : Admin Charges On EDLI : 0.01% Of Basic Wages + DA + Cash Value Of Food Concession. After Amendment. A/C No 2 🤣.85% Subject To Minimum Rs.500. A/C No 22:0.01% Subject To Minimum Rs
What are accounts in PF?
Employee PF Account Number. The Employees’ Provident Fund Account Number is an account number that can be used by employees to check the status of their EPF, the balance in the EPF account, etc. The number is mandatory for withdrawals from EPF.
What is full form of EPFO?
The Board is assisted by the Employees’ PF Organization (EPFO), consisting of offices at 122 locations across the country. The EPFO is under the administrative control of Ministry of Labour and Employment, Government of India (click here).
What is the salary of EPFO?
UPSC EPFO EO/AO Salary Structure 2021
| Group | General Central Service Group “B”, Non-Ministerial |
|---|---|
| Entry Pay | Rs 47600 |
| Grade Pay | Rs 4800 |
| Total Salary Emoluments Comprises HRA, TA and other allowance) | Rs 60000 |
| Total Salary (Emoluments Including HRA, TA and other allowances) | Rs 53312 |
What is salary of EPFO assistant?
This means the basic Salary of an EPFO assistant is Rs 25,500….EPFO Assistant Salary After 7th Pay Commission.
| EPFO Assistant Salary | Grade pay |
|---|---|
| Basic Assistant Salary | Rs.25,500 |
| DA(12% of Basic Salary) | Rs.3060 |
How much is basic salary of CTC?
How much is basic salary of CTC? Usually, basic salary is 40% to 50% of CTC (Cost to Company). Statutory components such as bonus, PF, gratuity and other benefits are determined on the basis of the basic salary.
Is 30 lakhs a good salary in India?
Mostly salary is directly proportional to experience. But after almost 5 to 6 years of experience and with skills a person in India can get 25 lakhs to 30 lakhs per annum. But those people are just about 20% of the population. One platform in India which now gives you better advice is none other than Quora.
Is basic salary net or gross?
Gross Salary The amount of salary paid to you after adding all your benefits and allowances and before deducting any tax. Made up like this: Basic salary. Your contribution to medical aid, pension/provident fund, group life, etc.
What is basic salary and net salary?
Net Salary = Gross salary – All deductions like income tax, pension, professional tax, etc. Net salary is also referred to as Take Home Salary. Basic salary is the figure agreed upon between a company its employee, without factoring in bonus, overtime, or any kind of extra compensation.
Is high basic salary good?
“Generally, a higher basic pay enhances the tax exemption limit for HRA. It also increases contribution towards retirement benefits like provident fund (usually 12 per cent of the basic pay) and superannuation fund, which means a lower take-home salary,” says Parizad Sirwalla, partner, Tax, KPMG.