Gpf Calculation For Teachers ( With Interest ) - XLS Download

File Consists Automatic Calculation of General Provident Fund Account for Teacher with yearly Interest.

Friend, Ur effort is nice. But I have some question about calculation of G.P.F.of teacher. As far as goes my knowledge, the G.P.F. Calculation method is different from one State to another. like as our West Bengal Govt teacher and W.B.Govt Employees G.P.F. Calculation Method is not match with you. One Employee can deposited the G.P.F. one time in a year. but your calculation shown in 12 months deposit in different amount, who it possible. (2) the Interest is may be changed in different year but your Rate of Interest is Fixed as 8%. As per the W.B.A.G. Method for G.P.F Calculation is not match with you. Please define and please Quote the Circular No. for G.P.F.Calculation Method, so we can make out the which is correct.
Thanks
Pranab Banerjee

Thanks for your valuable comments .But I add something about the tropics.
This calculation is only for Govt.Aided School Teacher of West Bengal. The rate of interest is not Fixed .You can change it by putting the value i.e. 8.5 or 9.0 in K6 box. According to my knowledge the GPF Subscription along-with refund shall deposited by the Staff of a school monthly from their Pay roll.

Can you help me how to calculative incentive,
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Umesh.R
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is pf calculated on gross salary or minimum wage?
my salary is 7500. how much pf is deduct??
please reply

As per my knowledge,

General Provident Fund Rules for Govt. Employees in West Bengal : After completion of one year continuous service by an employee joining in this scheme is compulsory. In case of Group D employee, head of office allots General Provident Fund (GPF) Account number. But in case of other Groups of employees, Accountant General (A&E), West Bengal allots GPF Account number.

For obtaining GPF Account number application for the purpose in prescribed format should be sent to the office of the Account General (A&E), West Bengal a few weeks before the completion of one year service.

After obtaining the Account number subscription to the provident fund should be deducted from the pay bill. Minimum subscription is 6% of pay. Maximum subscription does not exceed the maximum amount of pay. Pay is defined as the basic and special pay if any.

Subscription may be increased or decreased once twice in a year from the pay of March as per desire of the subscriber.

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Hi All,
Pls guide me, If a new joinee wants to continue his old PF account after discontinuation of 1 yr. service. Is it possible ?
Reply me with ur helpful suggestions pls.
Regards,
Ramesh.

Gpf interest calculation for aided school teachers in tamil nadu