How to do PF Calculations ? - basic pay.. CiteHR

muralee.raj Started The Discussion:

hi all,this is murali,working in a logitics company in nagpu.. how do we calculate PF,GRATUITY ?Please let me know :)

prerna.05 -  Member Since: Feb 2008
Employee’s contribution to PF = 12% of Basic Salary subject to a maximum of Rs.780/- per month.
Employer’s contribution to PF = 12% of Basic Salary subject to a maximum of Rs.780/- per month.

12 % Employer contribution is segregated in to 2 parts

8.33 % in Pension
3.67% in PF

But Employees contribution of 12 % each month goes to PF.

Gratuity calculation = Monthly Salary * 15/26 * number of years of service
Maximum amount payable under the act is Rs. 3,50,000 (w.e.f. 24/9/1997)


tiru.diddi -  Member Since: Aug 2010
if the employee wants to with draw the pf amount on or before 9 yrs, then what is the amount he is going to get, how the calculation will be done. Do the employee get any interest on pf amount.

sarathibbsr -  Member Since: Nov 2009
hello every body this is partha sarathi mishra has completed my mba in hr now i am looking for a hr generalist job, for this i want to know some basic things regarding how to fix a basic pay, calculation of pf,esi bonus and gratuity,
if some one could help me i will be obliged
thank you


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