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.
Thanks & Regards
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.
Hope this information will help you
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%.
You have provided last month salary as Rs. 6000/-. To calculate accummulation of PF with interest, details of salary in each month is required. If it is uniform in all these 9 months, then Employee contribution after 9th month contribution with interest will be Rs.6666 and employer contribution will be Rs. 2038.
I shall insert an excel sheet in this regard. You may extent the rows as per requirement and enter the salary applicable.
This is rajendra i have 5.6 years of experince in hr currently working in chennai now my company is in loss and company is going to close this month. Presently i don't have opportunity Please tell me if any one have the reference. Because i have family and 4 members are depend on me .
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