HI, WISH U ALL A MERRY CHRISTMAS & HAPPY NEW YEAR !!! i need a right method to calculate EPF????:confused: Thanks Regards shaktiraj
From India, Mumbai
From India, Mumbai
Dear Shakti Raj
Regarding your calculations i hope u know the basis ie %age to calculate.
PF is to be calculated on Basic salary plus DA if applicable.
12% is contribution both by employee and employer.
The ceiling is on Rs6500/- on which the employer need to pay.
Rs.541 goes to pension account(A/C No.10) rest amount goes to EPF (A/C No.1)
In case employer is willing to contribute more than on Rs 6500 /- ,can contribute but for pension fund it shall be 8.33% ie 541.00 only
All admin charges are to be paid on total wages ie BAsic plus DA)
Rgds
Prabhakar Rao
From India, Delhi
4Regarding your calculations i hope u know the basis ie %age to calculate.
PF is to be calculated on Basic salary plus DA if applicable.
12% is contribution both by employee and employer.
The ceiling is on Rs6500/- on which the employer need to pay.
Rs.541 goes to pension account(A/C No.10) rest amount goes to EPF (A/C No.1)
In case employer is willing to contribute more than on Rs 6500 /- ,can contribute but for pension fund it shall be 8.33% ie 541.00 only
All admin charges are to be paid on total wages ie BAsic plus DA)
Rgds
Prabhakar Rao
From India, Delhi
Thanks for the help...:icon1:
can u tell me how much contribution will employer & employee will pay in EPF. u have further quoted that 12% for both parties or different for both of them.. thanks!!:icon1:
Regards
shaktiraj
From India, Mumbai
can u tell me how much contribution will employer & employee will pay in EPF. u have further quoted that 12% for both parties or different for both of them.. thanks!!:icon1:
Regards
shaktiraj
From India, Mumbai
In strict terms of EPF it is A/C No.1 if u r asking then 12% of Employee share and 3.67% of Employer share . rgds Prabhakar Rao.M
From India, Delhi
From India, Delhi
Hi,Sharath
Thanx 4 the post... very easy to understand the calculation for EPF:icon1:
From India, Mumbai
Thanx 4 the post... very easy to understand the calculation for EPF:icon1:
From India, Mumbai
Hi to all,
Software will be very useful for PF caluclation and compliance, submittance of the statutory forms and challans. This software can be downloaded from http://www.nextechss.com/epf30installer.exe
Regards
From India, Nagpur
Software will be very useful for PF caluclation and compliance, submittance of the statutory forms and challans. This software can be downloaded from http://www.nextechss.com/epf30installer.exe
Regards
From India, Nagpur
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