Hai how much to contribute pay to pf amount maximum amount per year and how much maximun get employee pf amount? please any one reply regards ram s
From India, Madras
1From India, Madras
Dear Ram
Greetings.
Recently we discussed a lot about PF and its operation in the following thread which is self explanatory
<link no longer exists - removed>
Hope this would be sufficient for your queries.
Cheers
Trisha
HR Professional
From India, New Delhi
Greetings.
Recently we discussed a lot about PF and its operation in the following thread which is self explanatory
<link no longer exists - removed>
Hope this would be sufficient for your queries.
Cheers
Trisha
HR Professional
From India, New Delhi
Dear Trisha Thanks to reply i am asking not that please under stand my question maximum amout pf how much get ending his/her employment. thanks and regards ram s
From India, Madras
From India, Madras
Dear Ram
Greetings.
There is no maximum amount fixed for getting from PF. Whatever the contribution we remit for ones account will be returned back with interest of 8.5% per year.
Cheers
Trisha
HR Professional
From India, New Delhi
Greetings.
There is no maximum amount fixed for getting from PF. Whatever the contribution we remit for ones account will be returned back with interest of 8.5% per year.
Cheers
Trisha
HR Professional
From India, New Delhi
Dear Trisha
thanks your ans, A Employee Basic Salary 11,000 his contribution 12% amt is 1320. he voluntry contribution 45% p .m . His pay Pf contribution amt per year neary 75000 p.a. his sevice is started 21 years his ending of service at age 58 or 60. they how much get amount pf. if you understand my qusestion please call my cell:9840578093.
thanks & regards
ram s
From India, Madras
thanks your ans, A Employee Basic Salary 11,000 his contribution 12% amt is 1320. he voluntry contribution 45% p .m . His pay Pf contribution amt per year neary 75000 p.a. his sevice is started 21 years his ending of service at age 58 or 60. they how much get amount pf. if you understand my qusestion please call my cell:9840578093.
thanks & regards
ram s
From India, Madras
Dear Trisha please reply. A employee can get PF amount Rs. 200,00,000 is posiple or not please Explain. Regards ram s
From India, Madras
From India, Madras
Dear Ram Greetings. It is absolutely possible when he contributed for 2 lakhs in his account. Cheers Trisha HR Professional
From India, New Delhi
From India, New Delhi
Hi Ram,
If an employee Basic is 11000/- then his contribution per year will be Rs.15840/- and the employer will also contribute the same, as mentioned by trisha govt with an interset of 8.5 % but it may vary year to year , these year till now not yet decieded the percentage.
What ever employee contrbuite he will get back his money, i think am expalin what i know, if u have any more doubt mail me at
i will be reply
Lavanya
From India, Chennai
If an employee Basic is 11000/- then his contribution per year will be Rs.15840/- and the employer will also contribute the same, as mentioned by trisha govt with an interset of 8.5 % but it may vary year to year , these year till now not yet decieded the percentage.
What ever employee contrbuite he will get back his money, i think am expalin what i know, if u have any more doubt mail me at
Lavanya
From India, Chennai
Hi Ram,
EPF contirbution total is 25.61%
in this 12% contribution is by Employee himself.And remaining 13.61% will be paid by employer.
Now am explaining for your question.
If employee's basic salary is 11000,
His contribution is Rs.1320. PM
Employer Contribution is Rs.1497 pm
As per EPF & MP Act 1952, Employee Pention Fund's Ceiling Amount is Rs.541 only. So Remaining Amount deposited to Provident Fund. If employee contribute voluentary it will goes to Provident Fund's Account.
If employee pay's for 21 years, he will get 8.5% of Interest p a (it will be vary) and his total amonut. Even if the total amount is 2 crores & more than this he will be eligible (He has rights) to get that amount.
Regards,
Ravi Kumar T
09964519065
From India, Bangalore
EPF contirbution total is 25.61%
in this 12% contribution is by Employee himself.And remaining 13.61% will be paid by employer.
Now am explaining for your question.
If employee's basic salary is 11000,
His contribution is Rs.1320. PM
Employer Contribution is Rs.1497 pm
As per EPF & MP Act 1952, Employee Pention Fund's Ceiling Amount is Rs.541 only. So Remaining Amount deposited to Provident Fund. If employee contribute voluentary it will goes to Provident Fund's Account.
If employee pay's for 21 years, he will get 8.5% of Interest p a (it will be vary) and his total amonut. Even if the total amount is 2 crores & more than this he will be eligible (He has rights) to get that amount.
Regards,
Ravi Kumar T
09964519065
From India, Bangalore
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Provident fund.zip
PROVIDENT FUND.rar
PROVIDENT FUND.doc