Respected all,
I have been working in HR Department for last 8 years. We are managing our own PF trust according to guide line of RPFC (Government of India) means we are exempted unit. Recently our management has hand over the charge of PF trust to me. Enforcement officer of PF had suggested to chagne our PF interest calculation formula because our PF interest calculation formula is not correct. You are requested to please provide me PF Interest calculation formula (format) in excel for exempted establishment.
regards
Saurabh
email
From India, Anand
I have been working in HR Department for last 8 years. We are managing our own PF trust according to guide line of RPFC (Government of India) means we are exempted unit. Recently our management has hand over the charge of PF trust to me. Enforcement officer of PF had suggested to chagne our PF interest calculation formula because our PF interest calculation formula is not correct. You are requested to please provide me PF Interest calculation formula (format) in excel for exempted establishment.
regards
Saurabh
From India, Anand
Hopefully it will help you.. Just put your opening balance if any, and each month contribution, interest will be calculated automatically...
From India, Jaipur
82From India, Jaipur
Version Systems, developed a TRUSTe Employee Retirement Benefit Solution a cloud-based as well as intranet, released with single point complete solution that handles the complete spectrum of activities related to employee retirement benefit funds. Its a user defined web based solution made on latest technologies (.net/SQL or Oracle) available on (SAAS/Enterprise Models).
Software provides integrated trust accounting and Investment solution required to every PF trust of any organization. It supports for investment management like yield calculations, amortization, interest accrual, investment getting mature and interest due, loan history and auto calculation of eligible amount and track for the withdrawals amount. Feature for Automatic import facility for employees master, monthly contribution, transfer in/out, settlement, loan and investment from SAP, other ERP, Excel and other format like CSV and DBF.
At the heart of this web based software is its employee’s friendliness which enables employees online self service (ESS) web access for online balance check of employee’s PF Fund/Superannuation, nomination detail update, status of their withdrawal claim, online loan application and eligibility check, FAQ and various form downloading with necessary prefilled data. Transparent picture is made feasible.
Various features like automatic interest calculation on PF, Investment Management and Tracking, Loans and Permanent withdrawals with amortization, Settlements/Transfer Out, Book Keeping, Statutory Returns, Reports, Multiple Financial Year, One solution for Multiple Trusts, Data Security and Backup are included in this SAAS.
THANKS AND REGARDS
VERSION SYSTEMS PVT. LTD., RAJKOT
From India, Rajkot
Software provides integrated trust accounting and Investment solution required to every PF trust of any organization. It supports for investment management like yield calculations, amortization, interest accrual, investment getting mature and interest due, loan history and auto calculation of eligible amount and track for the withdrawals amount. Feature for Automatic import facility for employees master, monthly contribution, transfer in/out, settlement, loan and investment from SAP, other ERP, Excel and other format like CSV and DBF.
At the heart of this web based software is its employee’s friendliness which enables employees online self service (ESS) web access for online balance check of employee’s PF Fund/Superannuation, nomination detail update, status of their withdrawal claim, online loan application and eligibility check, FAQ and various form downloading with necessary prefilled data. Transparent picture is made feasible.
Various features like automatic interest calculation on PF, Investment Management and Tracking, Loans and Permanent withdrawals with amortization, Settlements/Transfer Out, Book Keeping, Statutory Returns, Reports, Multiple Financial Year, One solution for Multiple Trusts, Data Security and Backup are included in this SAAS.
THANKS AND REGARDS
VERSION SYSTEMS PVT. LTD., RAJKOT
From India, Rajkot
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PF INTEREST CALCULATION SHEET.xls