 Pf Calculation & Challan Sheet
Dear All,
I m submitting herewith the combined sheet of PF calculation sheet and challan sheet in excel format as per requirement of our some HR felloz.Hope it will be useful for you.
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 : exess 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)
Some other useful info regarding PF:
Form No. Purpose
13 (revised) For transferring the Provident Fund account of a member from one establishment another establishment covered under the act / scheme
19 To be submitted by a member to withdraw his Provident Fund dues on leaving service/retirement/termination.
10-C For claiming - Refund of Employer share.( with form no.19)
10-D To be submitted by the first claimant i.e.- member or - widow/widower or- orphan nominee as the case may be
31 For the use of Provident Fund members to avail advances / withdrawals as provided in the scheme
Rate of Interest:8.5%
Note :Formula are given asked pls whre r u confused and if stil confuse then I ll submit a demo sheet……pls revert back to me
Thankx
__________________
Thanks N Regards
Abhishek Tiwari 
____________________________________________
no person was ever honoured for wat they received but honoured & rewarded for wat they gave.
Last edited by abhi16march; 14-08-2008 at 04:31 PM.
Reason: AS ASKD FOR EXPLANATION
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