Understanding PF Calculation: What Details Do You Need to Get It Right?

bandaru31hr
I want PF calculation.

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Your request for PF calculation is noted. Please provide the necessary details for us to assist you accurately.
satyam.hr
Dear Bandaru,

PF calculation is as follows:

Calculations:
- P.F from Basic Employee: 12% (P.F)
- Employer: 3.67% Provident Fund (A/c 1) + 8.33% Pension (A/c 10) + 1.10% Admin Charges on PF (A/c 2) + 0.50% EDLI (A/c 21) + 0.01% Admin Charges on EDLI (A/c 22)
- Totaling to 13.61% on basic * Pension (8.33% or 541/- whichever is less)

For full details on PF, click on the link below: [STATUTORY COMPLIANCE FOR H.R & LABOUR LAWS: Provident Fund Full Details](http://statutorycompliance.blogspot.com/2009/07/provident-fund-full-details.html)

Please review the corrected text above. Let me know if you need any further assistance.
p ramachandran
It is for you:
Salary: $6200
PF Deduction: $744 (6200*12%)
PF Employer Contribution:
- FPS: $516.46 rounded to $517 (6200*8.33%)
- EPF: $227 (744 less 517)

Details for Remittance:
Total PF Salary: $6200
Total EPF Employee: $744
Total EPF Employer: $227
Total FPS Employer: $517

Payable Amount:
- Account No.1: EPF ($744 + $227) = $971
- Account No.2: Admin Chgs on EPF: (Total PF Salary * 1.1%) $69
- Account No.10: FPS Employer $517
- Account No.21: EDLIF (Total PF Salary * 0.5%) $31
- Account No.22: Admin Chgs on EDLIF (Total Salary * 0.01%) $0.62
Total Amount of Challan: $1589
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