Exact Calculation Of P.f In Full & Final Settlement

amit mhatre
Dear all,
Hope you all aredoing well. I ve one query about how to Calculation of p.f in full & final Settlement exactly. The details are as below
D.O.J - 26.08.2011
Last working day - 16.11.2012
basic salary before increment - 6849/-
basic salary after increment - 7363/- ( w.e.f 01.04.2012)
Can anybody help me to calculate my p.f in final dues?
shivnendra
Dear Member,
At the time of full and final settment for left employee, the accumulation of PF contribution will be withdrawn from PF department by concened employees. there is no need to calculate in full and final sheet. Withdrawal form i.e. 19 and 10C duly filled and signed by same the employer will be submitted at respective PF office.
Regards,
Shivnendra K
sandeeprana81
hi i was working in gold loan company and now i have resigned i would like to know that is there any way to get my PF with out the contacting my employer
amit mhatre
Dear Shivendra,
Thanks for the mail first of all. yesterday while posting the query somewhere i'm expecting such reply but my concern to you & all other cite hr memebers is that after submission of p.f withdrawl nothing will left in our hand & we have to accept whatever way concerned people calculate.Most of time people are dissarisfied & keep guessing abt this calculation. That's i'm raising this topic hope our people clarify this soon.
hemanthgurram
Amit,
To calculate your PF please check in your salary slip (if you have one) what the monthly deduction is (usually 12% of the basic pay), and also check if your employer is contributing 12% to your PF account(as is mandatory), or if the employer's contribution, too, is deducted from your salary (as some companies do). You can then multiply the PF amount( your contribution + your employer's contribution) by the number of months you worked in the company. The PF office pays interest on the PF money deposited with them. I think it is 8.5% pa at the moment, I am not quite sure though. Other members can confirm this, please.
And if you don't have a salary slip, you need to speak with your hr and understand regarding the employer's PF contribution, without which you can't clearly calculate the final PF amount.
Hope you understood what I said.
hemanth
hemanthgurram
It's 8.25% per annum for 2011-12. And next year it will be increased to 8.6% per annum. Once you have the total PF contribution calculate and the interest and you will have your final figure. Or even better log on to epfindia(dot)com and check your PF balance there.
shivnendra
dear members,
for more clarification about accumulation of pf amount, you may login at epf website and register your member ship where you would find pf contribution pass book. pf deptt. does update pf contribution detail every month.
regards,
shivnendra kr.
amit mhatre
Dear Team members,
Recently I left the Job.. Had completed exit formalities. As a part of exit formalities I've also
filled Form 19 & Form 10. I have calculated my p.f dues. Pl go through the attachment & let
me know whether it is right or wrong? pl find enclosed attachment.
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