Provident Fund [Thread 60772]

Hai
how much to contribute pay to pf amount maximum amount per year and how much maximun get employee pf amount?
please any one reply
regards
ram s

Dear Ram
Greetings.
Recently we discussed a lot about PF and its operation in the following thread which is self explanatory
<link no longer exists - removed>
Hope this would be sufficient for your queries.
Cheers
Trisha
HR Professional

Dear Trisha
Thanks to reply i am asking not that please under stand my question
maximum amout pf how much get ending his/her employment.
thanks and regards
ram s

Dear Ram
Greetings.
There is no maximum amount fixed for getting from PF. Whatever the contribution we remit for ones account will be returned back with interest of 8.5% per year.
Cheers
Trisha
HR Professional

Dear Trisha
thanks your ans, A Employee Basic Salary 11,000 his contribution 12% amt is 1320. he voluntry contribution 45% p .m . His pay Pf contribution amt per year neary 75000 p.a. his sevice is started 21 years his ending of service at age 58 or 60. they how much get amount pf. if you understand my qusestion please call my cell:9840578093.
thanks & regards
ram s

Dear Trisha
please reply. A employee can get PF amount Rs. 200,00,000 is posiple or not please Explain.
Regards
ram s

Dear Ram
Greetings.
It is absolutely possible when he contributed for 2 lakhs in his account.
Cheers
Trisha
HR Professional

Hi Ram,
If an employee Basic is 11000/- then his contribution per year will be Rs.15840/- and the employer will also contribute the same, as mentioned by trisha govt with an interset of 8.5 % but it may vary year to year , these year till now not yet decieded the percentage.
What ever employee contrbuite he will get back his money, i think am expalin what i know, if u have any more doubt mail me at [Login to view] i will be reply
Lavanya

Hi Ram,
EPF contirbution total is 25.61%
in this 12% contribution is by Employee himself.And remaining 13.61% will be paid by employer.
Now am explaining for your question.
If employee's basic salary is 11000,
His contribution is Rs.1320. PM
Employer Contribution is Rs.1497 pm
As per EPF & MP Act 1952, Employee Pention Fund's Ceiling Amount is Rs.541 only. So Remaining Amount deposited to Provident Fund. If employee contribute voluentary it will goes to Provident Fund's Account.
If employee pay's for 21 years, he will get 8.5% of Interest p a (it will be vary) and his total amonut. Even if the total amount is 2 crores & more than this he will be eligible (He has rights) to get that amount.
Regards,
Ravi Kumar T
09964519065

Dear Friends,
As per my knowledge and experience, maximum amount of PF contribution of employees is Rs.780 per month(12% of basic salary of Rs.6,500). Whatever his salary might be(even for 1 lakh rupees salary)
PF contribution won't cross Rs.780/month.
Regards,
Sri