Can any one tells me how we can calculate FINAL amount of PF?
My last basics was 6000 & 12% of this was PF i e 720.
I worked there for 9 months.
I had also submitted the PF withdrawal form.
But i want to know how to calculate the final amount for PF including interest.
If any one knows this then please let me know.
Dear Darshan,
According to your Basic Salary Rs. 6000.00 P.M.
Your Provident Fund deducted is Rs. 720.00 P.M.
and Total Amount Deposited to P. F. Department Rs. 1440.00 P.M.(720.00 deducted from your salary and Rs. 720.00 from the Employer)
For the Nine Month Your Total Amount Deposited in PF Departement is Rs. 1440.00 x 9 = 12960.00
Interest Rate is there 8.5 persent P. A. Calculated every Six month. That would be around 550.00
That means You will get Rs. 13510.00.
It will take 45 days or more to clear and will come directly in your saving bank account from the SBI Bank.
Dear Akhilesh,
Thank you for the reply
Above calculation id fine But the employer contribution splited into PF 3.67% and Pension 8.33%
so whether i will get total 12% of only 3.67%
and if yes then how can i withdraw remaining 8.33 i.e. pension
You are not applicable for Pension Right now.
When your account exits upto 9 yrs, then only the PF accout biforcated into two category
1. EPF and 2.Pension.
EPF is 15.67% and 8.33% is pension.
So if your accont is below 9 yrs, then with drawl amount is 24%.
With Regards,
G.R.Vishaka Guru
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