Dear Friends,
I'm new to this forum, I have an query, How RPFC calculate PF of an employee?
I'm aware that 12% + 12% of Basic salary (Emploee & Employer) goes to RPFC.
ROI is 8.5% annually.
8.33% of employer goes to PF and 3.67 goes to FPF/EPF.
How do RPFC calculates the Interest on the amount deposited by employer on behalf of employee as I had seen that what ever calculation you do it will never match with the calculations of RPFC.
I hope there are knowledgible people in this forum who can help me in solving this mistory.
You can mail me personally on aashisharmagmail.com
Thanks,
Aashish Sharma
I'm new to this forum, I have an query, How RPFC calculate PF of an employee?
I'm aware that 12% + 12% of Basic salary (Emploee & Employer) goes to RPFC.
ROI is 8.5% annually.
8.33% of employer goes to PF and 3.67 goes to FPF/EPF.
How do RPFC calculates the Interest on the amount deposited by employer on behalf of employee as I had seen that what ever calculation you do it will never match with the calculations of RPFC.
I hope there are knowledgible people in this forum who can help me in solving this mistory.
You can mail me personally on aashisharmagmail.com
Thanks,
Aashish Sharma