11-08-2008, 02:10 PM
|  | | | Join Date: Aug 2008
Posts: 39
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Hi Abhi
Thanks for Pf challan
A. Singh |
11-08-2008, 02:27 PM
| | | | Join Date: Feb 2008 Location: nasik
Posts: 617
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your's welcme abha.....
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Thanks N Regards
Abhishek Tiwari 
____________________________________________
no person was ever honoured for wat they received but honoured & rewarded for wat they gave.
|
11-08-2008, 09:19 PM
| | | | Join Date: Aug 2008
Posts: 2
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Hi Abhishek,
Can you please explain the PF calcuation sheet.
Regards,
Jo |
11-08-2008, 09:46 PM
| | | | Join Date: Nov 2006 Location: Nagpur
Posts: 59
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Thanks Buddy....
It Is Really Good...
Pks |
12-08-2008, 11:18 AM
| | | | Join Date: Feb 2008 Location: nasik
Posts: 617
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thnx jyoti....ya sure i ll explain
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Abhishek Tiwari
____________________________________________
no person was ever honoured for wat they received but honoured & rewarded for wat they gave.
|
12-08-2008, 11:19 AM
| | | | Join Date: Feb 2008 Location: nasik
Posts: 617
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thanx puru............
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Thanks N Regards
Abhishek Tiwari
____________________________________________
no person was ever honoured for wat they received but honoured & rewarded for wat they gave.
|
12-08-2008, 11:22 AM
| | | | Join Date: Feb 2008 Location: nasik
Posts: 617
| | 
Provident Fund :
Note :PF always calculated on BASIC + DA
Total PF contribution : 25.61%
Employers Contribution :12% (3.67% PF +8.33%Pension) +1.61%Administrative charges (1.10% Adm charges +.50 % EDLIF Charges) =13.61%
Note: Pension value 8.33% is always constant whther PF value can be variable depending on the Basic & DA
Pls study following cases:
Case :1 if Basic + Da = 6500 then then contri wil be like ths Pension 8.33% ( 541) and PF value wil be (239)
Case II 1 if Basic + Da > 6500 then then contri wil be like ths Pension 8.33 %( constant value 541) and PF will be : existing amount - 541
> As exp IF Basic + DA is 12000/- then it wil be like ths Pension will be 541/- and PF will be 899/-
( cal.: 12000*12% -541 = 899/-)
Case III : if Basic + Da < 6500 then then contri wil be like ths Pension 8.33% and PF 3.67% of Basic +DA
Exp : if Basic is 5500/- then Pension wil be 5500*8.33% =458 and PF will be 5500*3.67% = 202/-
Employess Contribution:12% goes to PF amount only.
PF Calculation Sheet:
1.Mention your location name if existing
2.No of empls elidgible for PF
3.PF salary ths is Basic + DA amount
4.Emps contri 12% fix value
5.Emplrs contri for PF Variable ( calculation has defined above)
6.Emplrs contri 8.33% fix value
7.PF>6500 means Basic +DA >6500 ( See case II)
Note :Formula are given in sheet and Pls ask whre r u confused and if stil confuse then I ll submit a demo sheet……pls revert back to me
Thankx
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Thanks N Regards
Abhishek Tiwari
____________________________________________
no person was ever honoured for wat they received but honoured & rewarded for wat they gave.
|
13-08-2008, 01:47 PM
|  | Senior Member | | Join Date: Mar 2006 Location: kakinada, India
Posts: 523
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Dear Abhi ji,Very good contribution. Useful for all HR professional.Regards,PBS KUMAR |
13-08-2008, 02:06 PM
|  | | | Join Date: May 2008 Location: Kolkata
Posts: 35
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thanks a lot abhi. really it is very informative. |
13-08-2008, 02:26 PM
| | | | Join Date: Feb 2008 Location: nasik
Posts: 617
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thankx Mr.PBS.....i m feeling gr8 tht it is useful for all Hr proffesionals........hope i ll contribute sme more in future
__________________
Thanks N Regards
Abhishek Tiwari
____________________________________________
no person was ever honoured for wat they received but honoured & rewarded for wat they gave.
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