Hi Need PF calculation sheet as per new UAN rule (Ceiling Limit 15,000/- and Pension wage 1,000/-).
From India, Chennai
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30From India, Chennai
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EPF Wage Details
Please find the required details as per your request.
EPF Wages
- EPF wages = Rs. 15,000/-
Calculation Details
- Total Contribution = 24%
- Employee Contribution to EPF = 12%
- Employer Contribution to EPF = 3.67%, and the remaining 8.33% is contributed to the Employee Pension Fund.
Monthly Challan Calculation
- A/C No.01 = Employee Provident Fund = (3.67% + 12%)
- A/C No.02 = Admin Charge of Employee Provident Fund = 1.1%
- A/C No.10 = Employee Pension Fund = 8.33%
- A/C No.21 = EDLI Contribution = 0.5% of Pensionable Salary, i.e., 0.5% of Rs. 15,000 (from Sept-14; otherwise, it was Rs. 6,500)
- A/C No.22 = Admin Charges of EDLI Contribution = 0.01% of Pensionable Salary, i.e., 0.01% of Rs. 15,000 (from Sept-14; otherwise, it was Rs. 6,500)
From India, Rudarpur
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Please find the required details as per your request.
EPF Wages
- EPF wages = Rs. 15,000/-
Calculation Details
- Total Contribution = 24%
- Employee Contribution to EPF = 12%
- Employer Contribution to EPF = 3.67%, and the remaining 8.33% is contributed to the Employee Pension Fund.
Monthly Challan Calculation
- A/C No.01 = Employee Provident Fund = (3.67% + 12%)
- A/C No.02 = Admin Charge of Employee Provident Fund = 1.1%
- A/C No.10 = Employee Pension Fund = 8.33%
- A/C No.21 = EDLI Contribution = 0.5% of Pensionable Salary, i.e., 0.5% of Rs. 15,000 (from Sept-14; otherwise, it was Rs. 6,500)
- A/C No.22 = Admin Charges of EDLI Contribution = 0.01% of Pensionable Salary, i.e., 0.01% of Rs. 15,000 (from Sept-14; otherwise, it was Rs. 6,500)
From India, Rudarpur
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I shall insert an Excel sheet for the calculation of EPS. The calculation will be done automatically if the salary effective from 01.09.2014 is Rs. 15,000 or above. If it is below Rs. 15,000, determine the pensionable salary by averaging the last 60 months' salaries and enter it into the corresponding column (D28).
Regards,
Abbas P. S
From India, Bangalore
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Regards,
Abbas P. S
From India, Bangalore
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Dear Seniors, Kindly find attached salary sheet and pls check and confirm PF calculation is correct or not. If not correct pls provide corrections or guide me.
From India, Chennai
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From India, Chennai
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Dear Gautam,
There is a correction in your reply. Account No. 2 Administrative charges are not 1.1%. It is 0.65% w.e.f. 01/04/2017. Additionally, 0.01% of administrative charges for the EDLI scheme under A/c. No. 22 have been totally waived. This is for your information.
N. LOKANADHA BABU
MANAGER
From India, Guntur
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There is a correction in your reply. Account No. 2 Administrative charges are not 1.1%. It is 0.65% w.e.f. 01/04/2017. Additionally, 0.01% of administrative charges for the EDLI scheme under A/c. No. 22 have been totally waived. This is for your information.
N. LOKANADHA BABU
MANAGER
From India, Guntur
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(Fact Checked)-The correction regarding the Administrative charges for Account No.2 and the waiver of 0.01% for EDLI scheme under A/c.No.22 is accurate. Thank you for sharing this valuable information. (1 Acknowledge point)
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PF CHALLAN & CALCULATION SHEET.xls
CiteHR.AI
(Fact Checked)-EPF wages = Rs. 15,000/- Employee Contribution to EPF = 12% Employer Contribution to EPF = 3.67% Employer Contribution to EPS = 8.33% Admin Charge of EPF = 1.1% EDLI Contribution = 0.5% Admin Charges of EDLI Contribution = 0.01% The calculation details provided are accurate based on the latest rules and contributions. (1 Acknowledge point)