How To Calculate Pf !!!

gaurav666
hi
i nevr calculated pf practically......so plz help me in getting my basics correct
..saay if pf salry is 8000 (ie basic +da).
employees contribution @ 12% =960
now employers @ 12% i.e 8.33 towards pension fund =541 calculated upto max of 6500 ).
provident fund 3.67% =419 towards provident fund
dlif @ 0.5% calculated up to max of 6500 = 33
administrative charges =0.01% = 1
now heres :confused: what is central govt contribution towards pension fund
is it 1.10 or 1.16 % and is it calculated on actual salary or maximum upto 6500 ......just clarify and give me also a fig what would be in this case so i understandf it ina a proper way ,............
warm regards,
gaurav
Rajeev Verma
Dear Gaurav,
Just check up this link, you may get the desired help from this link.
PF calculation Sheet in Excel
gaurav666
hi rajeev
thnx for the excel sheet,......but i wanted to know how that provident fund and pension fund gets splitted ......what is the central govt. contribution towards pension fund and is it calculated maximum up to 6500.....
plz reply ,.........
thnx
warm regards
gaurav
bhardwaj_ch1
Employee PF is 12% of Basic
Employer;'s 8.33% for Pension Fund and maximum plited 541/- rest will be goes to
Employer's 3.67%.
Admin charges 1.1% of Salary+DA
EDLI charges 0.5%
EDLI Ad charges 0.005%.
any querry please write me at
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Generalist HR and IR
gaurav666
hi bhardwaj
thnx a lot ,.....
bt stil some dobts arise ,........mailed u
plz do reply
thnx
regards
gaurav
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