How can I get my PF contribution statement?
The Employee Provident Fund Organization does not provide any hard copy of annual provident fund statement. Employees can download their EPF account statement online by using the new e-passbook facility available on the EPFO website. In order to view and download your e-passbook, you need to register with EPFO.
Why is employer PF not shown in payslip?
The amount that you see on your monthly salary payslip as a deduction is actually this amount and NOT the PF (Employer provident fund). The employer PF is neither added to your income nor deducted. Hence, it is NOT reflected in your pay slip but is shown on CTC letter.
How can I see my PF statement online?
At your i-Akaun homepage, click ‘MyAccount’ on the top navigation bar. You can now choose from all years’ EPF statements to view. Remember, the bank will always ask for the latest copy when applying for their banking products.
What is difference between employee and employer contribution in PF?
The employee and the employer each contribute 12\% of the employee’s basic salary and Dearness Allowance (DA) towards the scheme. While the entire contribution of the employee goes towards EPF, only 3.67\% of the employer’s share goes towards EPF, while the remaining is contributed towards EPS.
What is a payroll contribution?
Payroll contributions are those payroll-related costs that are borne by the employer, such as the Hospital Insurance (HIT) or Federal Insurance Contributions Act (FICA) employer tax, the employer’s funding for the Thrift Savings Plan (TSP), and the employer contributions to the retirement systems.
How much is employer contribution?
How much you must pay
| Date | Employer minimum contribution | Total minimum contribution |
|---|---|---|
| Up until 5 April 2018 | 1\% | 2\% (including 1\% staff contribution) |
| 6 April 2018 to 5 April 2019 | 2\% | 5\% (including 3\% staff contribution) |
| Current rates – 6 April 2019 onwards | 3\% | 8\% (including 5\% staff contribution) |