Hi all, Interest rate of EPF a/cs being hiked from 8.55% to 8.65%. Notification awaited.
From India, Bangalore
The EPFO sent out instructions to all regional offices to supply detailed working sheet of settlement from EPF a/cs. Read the circular attached.
From India, Bangalore

Attached Files (Download Requires Membership)
File Type: pdf PF Calculation Sheet To The Subscribers At the Time Of Provident Fund Withdrawal.pdf (88.5 KB, 197 views)

I am not understanding how Pf is calculated so please do anyone help me?
From India, undefined
Anonymous
Hi Mrunali,
PF is calculated on Basic salary of the Employee
Employee contribution 12% and Employer contribution 12% (3.67% - EPF and 8.33% - Pension)
Employee contribution - 12/100*8000 - 960/- per month
Employer contribution - 3.67/100*8000 = 293.6
- 8.33/100*8000 = 666.4
- 960 /- per month
Regards


Anonymous
Hi Mrunali,
PF is calculated on Basic salary of the Employee
Employee contribution 12% and Employer contribution 12% (3.67% - EPF and 8.33% - Pension)
For example Basic salary - 8000/-
Employee contribution - 12/100*8000 - 960/- per month
Employer contribution - 3.67/100*8000 = 293.6 , 8.33/100*8000 = 666.4 then Employer PF 12% = 960 /- per month
Regards


Epf interest calculated on simple interest basis or compound interest basis. Is there any rule/circular/notification in this regard.
From India, Chennai

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