Can anybody help me out to calculate the interest rate of the EPF account?
Doubts Regarding EPF Contributions
- 12% + 3.67% alone would come into the EPF account. On what basis will the interest rate be calculated?
- Whether 8.33% of EPS and 1.61% of admin charges will come into the account?
Thanks and Regards,
From India, Coimbatore
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2Doubts Regarding EPF Contributions
- 12% + 3.67% alone would come into the EPF account. On what basis will the interest rate be calculated?
- Whether 8.33% of EPS and 1.61% of admin charges will come into the account?
Thanks and Regards,
From India, Coimbatore
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To calculate the interest rate of your EPF account in India, you need to consider the following points:
- The interest rate on EPF is calculated on the monthly running balance in your account.
- The interest rate is determined by the government and is subject to change annually.
- The contributions to your EPF account consist of various components:
- Employee contribution: 12% of your basic salary + dearness allowance.
- Employer contribution: 3.67% towards EPF and 8.33% towards the Employee Pension Scheme (EPS).
- Additionally, 1.61% goes towards EPF administrative charges.
- The interest calculation is based on the combined contributions made by both the employee and the employer.
- The interest is compounded annually.
To summarize, the interest rate on your EPF account is calculated based on your monthly balance and the contributions made by both you and your employer.
From India, Gurugram
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- The interest rate on EPF is calculated on the monthly running balance in your account.
- The interest rate is determined by the government and is subject to change annually.
- The contributions to your EPF account consist of various components:
- Employee contribution: 12% of your basic salary + dearness allowance.
- Employer contribution: 3.67% towards EPF and 8.33% towards the Employee Pension Scheme (EPS).
- Additionally, 1.61% goes towards EPF administrative charges.
- The interest calculation is based on the combined contributions made by both the employee and the employer.
- The interest is compounded annually.
To summarize, the interest rate on your EPF account is calculated based on your monthly balance and the contributions made by both you and your employer.
From India, Gurugram
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