9
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
From India, New Delhi
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
From India, New Delhi
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)
From India, New Delhi
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)
From India, New Delhi
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
From India, Hyderabad
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
From India, Hyderabad
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
From India, Hyderabad
From India, Hyderabad
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
From India, Hyderabad
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
From India, Hyderabad
please give a revised excel calculation sheet for pf with salary more than Rs.6500/- per month.
From India, Calcutta
From India, Calcutta
hi Im new to this site really very useful site. Im looking for Design Engineers who have experience in Manufacturing firm especially ciombatore based motors/pump industry . could anybody can help me how to start my hunt
From India, Bangalore
From India, Bangalore
Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Induction procedure points.doc
Procedure to be followed by employer in case of suppression - SC 21.7.2016.pdf
HOW HRIS HELPS IN INDUCTION PROCEDURE OF A.pps