Hi All, I have made a PF calculation Sheet. I don't know much about excel, still I have done it. You can improve it for your benefit.
The sheet contains example calculation. You only have to change the Basic, rest of the calculation will be done by itself.
You may need to do some changes regarding the Rate of Interest and the Months for which you were working in the company.
In this example: I have treated that the employee joins the company on sept 2008 and leaves the company in the mid of Aug 2010. But the PF claim was done later and the PF settlement was done in Sept 2011. Hence the PF calculation ends on Aug 2011. I am not sure if the interest gets accumulated even after leaving the company. Please confirm it if anybody knows when the interest accumulation gets stopped.
Since in the 2010 the interest rate was 9.5 I have changed the corresponding column to 9.5 instead of 8.5 only after march 2010. As the financial year ends in March.
Also you may need to change the VPF percentage for different months. If there is any mistake in the PF calculation sheet, please add your comments.
If you people need any more clarification, please ask.
The sheet contains example calculation. You only have to change the Basic, rest of the calculation will be done by itself.
You may need to do some changes regarding the Rate of Interest and the Months for which you were working in the company.
In this example: I have treated that the employee joins the company on sept 2008 and leaves the company in the mid of Aug 2010. But the PF claim was done later and the PF settlement was done in Sept 2011. Hence the PF calculation ends on Aug 2011. I am not sure if the interest gets accumulated even after leaving the company. Please confirm it if anybody knows when the interest accumulation gets stopped.
Since in the 2010 the interest rate was 9.5 I have changed the corresponding column to 9.5 instead of 8.5 only after march 2010. As the financial year ends in March.
Also you may need to change the VPF percentage for different months. If there is any mistake in the PF calculation sheet, please add your comments.
If you people need any more clarification, please ask.
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