Provident Fund

i. Computation

Payroll Department of Head Office send a mail to Accounts Department at Guhwati containing the details of Provident Fund .

The PF details include:

1. Employee's contibution to the Provident Fund Account i.e 12% of the basic salary

2. Employer's Contibution to the Provident Fund Account i.e sum of contribution to the provident fund (3.67% of the basic salary) and contribution to the Family Penion Fund(8.33% of the basic salary).

3. Details of Non Contribution Period

On the basis of these details,PF Challans are prepared and payment for all units of ICL is made at Guwahati