Providend Fund Calculation - Xls Download

Hi folks....
Am new to cite hr...
Can anyone help me out with pf calculation? I referred many of your comments...pf is calculated as 12% of basic right...but in some post i found 780/- random amount...so anyone pls clear my doubt
9th March 2012 From India, Bangalore

Hi..
The ceiling for PF deduction is on Rs. 6500/- i.e. till 6500 basic it is mandatory to deduct PF on lesser or equal to 6500 basic.
and 12% of 6500 is 780. Therefore at times it is 12% and at times (when basic is 6500 or basic is higher, but on the mutual consent of employer or employee it is decided to deduct on 6500 basic) the PF amount is 780.
I hope am able to clear your doubts.
Rgds
Baisakhi
9th March 2012 From India, Calcutta

The statutory obligation for EPF contribution is upto Rs. 780 only. But if the employee and employer wish, this can be enhanced in compliance with the consent of the Regional PF Commissioner.
10th March 2012 From India, Bangalore

Gratuity is not connected with EPF. For gratuity, 5 years' service (commencing from join date) is required. For Income Tax exemption on PF, 5 years service in PF is required.
10th March 2012 From India, Bangalore

Hi,
Here is the break up for Pf Calculation,
PF is Calculated on basic & DA as under
Employer contribution - 13.61%( Break Up - EPF-3.67%,FPS -8.33%,admin charges -1.1%,Edli -0.5% Admin Charges on Edli -0.01%).
Employee Contribution - 12 % (Break up -EPF -12%).
The higher limit for pf deductions is 6500/- and therefore above this limit deduction of pf is optional for employee but with the consent of employer & Pf Authorities
Thanks and warm regards,
BIJAY
10th March 2012 From India, Vadodara

Dear users Please find herewith attached file of pf calculation sheet Thanks
12th March 2012 From India, Chandigarh

Attached Files

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pf interst calculation new.xls (13.0 KB, 381 views)

Dear Deol
There is such rule or enactment to calculate the TaA and HRA.
Its depend upon the completely company policy.
mostly hra is 40 to 60 % of basic.
and travelling allowance 20 to 30 % of basic.
but you can set it as your company policy. as i said above you are restricted by any enactment regarding ta and hra.
Thanks
12th March 2012 From India, Chandigarh

Dear All seniors,
Can contract labours make a union?.. (not completd 240 days )...?If yes ,pls support with any notification or let me know the book where it is published ...or give me some written references.
Pls cooperate.
Devendra Deshpande
14th March 2012 From India, Pune

Dear All seniors
can contract labours make a union?.. (not completd 240 days )...?If yes ,pls support with any notification or let me know the book wher it is published ...
Pls cooperate
Devendra Deshpande
9923359609.
14th March 2012 From India, Pune

Statutory obligation on PF contribution is upto a salary of Rs. 6500. i.e. If the salary is Rs. 6500 and above, the contribution will be uniform @ 6500x12% = 780.
Note : If employer and employee wish, the contribution can be at higher salary as well as higher rates.
Abbas.P.S
14th March 2012 From India, Bangalore

PF calculation is only behalf of basic pay or Basic pay + D.A.? please answer my question.
24th October 2016 From India, Nangal Township

PF Ceiling has now extended to INR 15000. Hence 12% of which would be 1800. If you are having staff whose basic+da exceeds 15000, you can constrain the contribution to 12% of 15000 i.e INR 1800.
Notification of EPFO for extension of wage limit to INR 15000 is enclosed hereunder for your information please.
Regards,
S.N.Raju.U.
24th October 2016 From India, Hyderabad

Attached Files

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wage-ceiling-epf-6500-15000-circular-circular.pdf (35.6 KB, 142 views)