Dear Friends,
I'm new to this forum and have a query: How does RPFC calculate the PF of an employee? I am aware that 12% (Employee + Employer) of the basic salary goes to RPFC. The ROI is 8.5% annually. Specifically, 8.33% of the employer's contribution goes to PF, and 3.67% goes to FPF/EPF.
How does RPFC calculate the interest on the amount deposited by the employer on behalf of the employee? I have noticed that, no matter how you calculate it, the results never match with RPFC's calculations. I hope there are knowledgeable people in this forum who can help me solve this mystery.
You can reach me personally via email at aashisharma@gmail.com.
Thanks,
Aashish Sharma
From Nigeria, Lagos
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I'm new to this forum and have a query: How does RPFC calculate the PF of an employee? I am aware that 12% (Employee + Employer) of the basic salary goes to RPFC. The ROI is 8.5% annually. Specifically, 8.33% of the employer's contribution goes to PF, and 3.67% goes to FPF/EPF.
How does RPFC calculate the interest on the amount deposited by the employer on behalf of the employee? I have noticed that, no matter how you calculate it, the results never match with RPFC's calculations. I hope there are knowledgeable people in this forum who can help me solve this mystery.
You can reach me personally via email at aashisharma@gmail.com.
Thanks,
Aashish Sharma
From Nigeria, Lagos
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Employees' Provident Fund and Miscellaneous Act, 1952
The calculation of Provident Fund (PF) consists of two parts:
- Employee's Part: This is deducted from the salary based on Basic Wages + Dearness Allowance at a rate of 12%.
- Employer's Part of PF is divided into two components: 3.67% for Pension Fund (PF) and 8.33% for Employees' Provident Fund (EPF), along with 0.5% for Employees' Deposit Linked Insurance (EDLI).
- Additionally, there are Administrative Charges of 1.10% and Inspection Charges of 0.01%.
All the PF deductions should be deposited in the bank through a challan.
If you require further information on PF, please feel free to ask.
Thank you,
Hitesh Brahmbhatt
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The calculation of Provident Fund (PF) consists of two parts:
- Employee's Part: This is deducted from the salary based on Basic Wages + Dearness Allowance at a rate of 12%.
- Employer's Part of PF is divided into two components: 3.67% for Pension Fund (PF) and 8.33% for Employees' Provident Fund (EPF), along with 0.5% for Employees' Deposit Linked Insurance (EDLI).
- Additionally, there are Administrative Charges of 1.10% and Inspection Charges of 0.01%.
All the PF deductions should be deposited in the bank through a challan.
If you require further information on PF, please feel free to ask.
Thank you,
Hitesh Brahmbhatt
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Dear Friends,
My name is Rakesh Kumar Sharma, and my P.F. No. is DL 21399/546. I was a Junior Consultant at MARKETEC INE, New Delhi from July 2005 to January 2008. I had resigned from MARKETEC INE more than one year ago. Now, I have transferred my PF to my new company. I need to fill out FORM NO-13, but my company is requesting the correct address of the "RPFC where your PF account was maintained by your previous employer." Unfortunately, my previous employer is not responding properly. I only need to know the correct RPFC address.
My previous employer is registered at F-117-118, Main Bazar, Laxmi Nagar, New Delhi-110092. I confirmed this address with the office. The office has confirmed that your employer's PF address is maintained by Marketec Inc, 199-D Pocket C, Siddarth Extension, South Extension, New Delhi 110014. How can I determine which one is the correct RPFC address so I can complete my Form 13? My contact number is 09300292178.
Please help.
Thanks
From India, Raipur
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My name is Rakesh Kumar Sharma, and my P.F. No. is DL 21399/546. I was a Junior Consultant at MARKETEC INE, New Delhi from July 2005 to January 2008. I had resigned from MARKETEC INE more than one year ago. Now, I have transferred my PF to my new company. I need to fill out FORM NO-13, but my company is requesting the correct address of the "RPFC where your PF account was maintained by your previous employer." Unfortunately, my previous employer is not responding properly. I only need to know the correct RPFC address.
My previous employer is registered at F-117-118, Main Bazar, Laxmi Nagar, New Delhi-110092. I confirmed this address with the office. The office has confirmed that your employer's PF address is maintained by Marketec Inc, 199-D Pocket C, Siddarth Extension, South Extension, New Delhi 110014. How can I determine which one is the correct RPFC address so I can complete my Form 13? My contact number is 09300292178.
Please help.
Thanks
From India, Raipur
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Dear Friends,
My name is Rakesh Kumar Sharma & My P.F No. is DL 21399/546. I was an Junior Consultant MARKETEC INE, New Delhi from July-2005 to jan-2008. I had resigned from MARKETEC INE more than one year. Now i have transfer my PF to my new copmany. so that i fill FORM NO-13 but my company ask correct address of “RPFC where in your PF account was maintained by your previous employer” .but my previous employers not proper responding. I have to know only my RPFC Correct address.
previous employer is registerd in F-117-118, Main Bazar, Laxmi Nagar, New Delhi-110092I confirmed from this office.And office has again confired me your emplyer pf address is maintain by
Marketec Inc
199-D pocket C
Siddarth Extension
South extension
New Delhi 110014
So how can i know which one is RPFC Correct address.
so that i can fill in my Form13. My contact no is .09300292178.
Pls help us.
Thanks
From India, Raipur
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My name is Rakesh Kumar Sharma & My P.F No. is DL 21399/546. I was an Junior Consultant MARKETEC INE, New Delhi from July-2005 to jan-2008. I had resigned from MARKETEC INE more than one year. Now i have transfer my PF to my new copmany. so that i fill FORM NO-13 but my company ask correct address of “RPFC where in your PF account was maintained by your previous employer” .but my previous employers not proper responding. I have to know only my RPFC Correct address.
previous employer is registerd in F-117-118, Main Bazar, Laxmi Nagar, New Delhi-110092I confirmed from this office.And office has again confired me your emplyer pf address is maintain by
Marketec Inc
199-D pocket C
Siddarth Extension
South extension
New Delhi 110014
So how can i know which one is RPFC Correct address.
so that i can fill in my Form13. My contact no is .09300292178.
Pls help us.
Thanks
From India, Raipur
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