need formula/procedure for EPF / PF calculation excel file

Dear Madhvai,

thanks for the reply. What i exactly need is some formula by which we can caculate how much amount will be accumulated at the year's end at a fixed epf rate (say 8.5%) on the combined monthly EPF shares of Employee and Employer (i.e 12% + 3.67% of {basic+DA})

i have sent the scenario in excel file (sheet2) at your email id.

thanks again

Attached Files

Provided by community member ptiwari2ki@gmail.com. Join us to learn and grow with your peers.

pf_calculation_686.xls (35.0 KB, 4534 views)

Dear Sir,

Thanks for the formula sheet, but i suggest that the formula sheet provided by you have to be changed such as if an employees basic salary is more than 6500 then the maximum deduction to the pension should be Rs. 541 but as per you formula it is diffeerent .

Sir just change the formulla and get your statement revised.

Regards
Chandrakant V.
9820592842
(PF, ESI, COntract Labour and other labour law Consultant)

hi dear chandrakanth i forgot to mention about the wage limit i
if the wages is less than 6500 then the formula will be calculated as (basic+da)*12% and if it is greater than 6500 it will be fixed as 780 apart from that employer provident fund wii be 780*3.67/12 and family pension fund is 780*8.33/12


madhavi

hi, please find enclosed the excel sheet for the reference Regards,

Attached Files

Provided by community member narayanrao.mp. Join us to learn and grow with your peers.

epf_1__123.xls (13.5 KB, 2661 views)

Thanks for the calculations. Can u please help me to know the excel formulas to generate the 3A/6A reports through the said sheet regards kumar 9885576600

Thanks a lot
I am in the process of calcualating the PF amoutn for our employees I know the %s but I don't have the format. I was planning toprepare the formula format for PF but You made my work easy.

It helped me a lot.

Thanks
usha

please give a revised excel calculation sheet for pf with salary more than Rs.6500/- per month.

Dear Ms. Madhavi
M bhushan mutalik from pune. I want to know detail about PF rates chart, how to calculate. Will be very much thankful to you if u can send me on my id , u r free to call also 09730490839. Thanks in advance for ur help.

Bye
TC
Bhushan