Hi all, Interest rate of EPF a/cs being hiked from 8.55% to 8.65%. Notification awaited.
From India, Bangalore
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The EPFO sent out instructions to all regional offices to supply detailed working sheet of settlement from EPF a/cs. Read the circular attached.
From India, Bangalore
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From India, Bangalore
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I am not understanding how Pf is calculated so please do anyone help me?
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Hi Mrunali,
PF is calculated on the basic salary of the employee. The employee contribution is 12%, and the employer contribution is 12% (3.67% for EPF and 8.33% for Pension).
Employee contribution: 12/100 * 8000 = 960/- per month
Employer contribution:
- 3.67/100 * 8000 = 293.6
- 8.33/100 * 8000 = 666.4
Total employer contribution: 960/- per month
Regards
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PF is calculated on the basic salary of the employee. The employee contribution is 12%, and the employer contribution is 12% (3.67% for EPF and 8.33% for Pension).
Employee contribution: 12/100 * 8000 = 960/- per month
Employer contribution:
- 3.67/100 * 8000 = 293.6
- 8.33/100 * 8000 = 666.4
Total employer contribution: 960/- per month
Regards
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Hi Mrunali,
PF is calculated on the basic salary of the employee. The employee contributes 12%, and the employer contributes 12% (3.67% - EPF and 8.33% - Pension). For example, if the basic salary is 8000/-, the employee's contribution would be 12/100*8000 = 960/- per month. The employer's contribution would be 3.67/100*8000 = 293.6 and 8.33/100*8000 = 666.4, then the employer's PF would be 960/- per month.
Regards
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PF is calculated on the basic salary of the employee. The employee contributes 12%, and the employer contributes 12% (3.67% - EPF and 8.33% - Pension). For example, if the basic salary is 8000/-, the employee's contribution would be 12/100*8000 = 960/- per month. The employer's contribution would be 3.67/100*8000 = 293.6 and 8.33/100*8000 = 666.4, then the employer's PF would be 960/- per month.
Regards
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