Understanding Provident Fund, Pension, and Gratuity Calculations: Can You Help?

How to calculate provident fund for employer and employee?

How to calculate the pension for the same persons?

What's the formula for calculating gratuity?

I need to know about the calculations being made in every company. As an HR person, I should know these conditions and the benefits.

How to calculate provident fund for the employer and employee? How to calculate the pension for the same persons? What's the formula for calculating gratuity?

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I have corrected the spelling, grammar, and punctuation errors in your text and organized the information into separate paragraphs for clarity. If you have any more questions or need further assistance, feel free to ask.

Hi all,

I have attached an Excel sheet. I hope it clarifies your doubts.

Hello,

As per my knowledge, PF is calculated on PF Base Salary (Basic + DA). However, as per your attached sheet, you have calculated it on Basic + DA + Food Concession Value. Can you explain this?

Regards,
BrijLal Arora

I have attached the definitions of PF Act from the internet. The definition for contribution in the sixth point includes the cash value of food concession.

Sir,

As you mentioned, there are always controversial opinions on this particular point. It's debatable.