How can I fill PF Challan?

How can I fill PF Challan?

Steps for PF Payment Online

1. Ensure PF details of establishment such as establishment ID, Name, address, exemption status, etc.
2. From ‘Payment’ option drop down select ‘ECR upload’
3. Select ‘Wage Month’, ‘Salary Disbursal Date’, Rate of contribution and upload ECR text file.

How can I upload PF ECR Challan?

Select “PAYMENT” Menu item for “ECR Upload” 4. Select “Wage Month”, “Salary Disbursal Date” in the “ECR Upload” Screen. 5. ECR File format can be seen from “ECR Help File” button available on the Screen.

How can I get EPF monthly Challan?

Once logged in, you can check the details of Establishment Name,Establishment ID, Exemption Status (PF, Pension, EDLI), Establishment Address and PF office. To upload the ECR, select the Wage Month and Salary Disbursal Date. Step 4: Select your ECR text file to be uploaded.

How is PF Challan calculated?

PF admin charges are the contribution from the employer’s end. It is calculated on the basis of your Basic+DA from your salary. In addition to 12% of employer PF/PS contribution, the employer also has to pay other charges.

What is ECR salary?

The EPFO has introduced a separate ECR format for PF arrears remittance. The arrear ECR contains eight fields / data elements, such as arrear wages, employee share and employer share. he EPFO has introduced a new field called ‘Gross Wages’ in the ECR.

Is PF admin charges part of CTC?

Can employers charge provident fund (PF) administration charge to employees? A potential employer is showing this as part of my cost to company (CTC). The employee’s contribution of 12% will be entirely deducted for PF and there will be no charges debited to the employee’s salary.

How is PF calculated on CTC salary?

Employer Provident fund/EPF or Provident Fund In this case the company has an option to either contribute 12% of 15,000 (i.e. 1800) or 12% of Basic salary. It is directly deposited in the employee’s PF account. Hence, 12% of the basic salary gets contributed by the employee and another 12% by the employer.

How is PF and CTC calculated?

1. Take Home Salary = Gross Salary – Income Tax – Employee’s PF Contribution(PF) – Prof.
2. Gross Salary = Cost to Company (CTC) – Employer’s PF Contribution (EPF) – Gratuity.
3. Gratuity = (Basic salary + Dearness allowance) × 15/26 × No.

What is difference between CTC and in hand salary?

In-hand Salary = Gross Salary – Income Tax -Professional Tax The difference between CTC and in-hand salary are the various deductions that occur at the time of payout. The take-home salary can be increased by proper tax planning and avoiding any income tax deductions.

What percentage of CTC is in hand salary?

However, there are some practices that all companies follow. For instance, the basic pay is generally 35-50 per cent of the CTC and house rent and dearness allowances are a percentage of the basic pay. Contributions for retirement funds such as EPF and superannuation fund are also linked to the basic pay.