HI, WISH U ALL A MERRY CHRISTMAS & HAPPY NEW YEAR !!! i need a right method to calculate EPF????:confused: Thanks Regards shaktiraj
From India, Mumbai
From India, Mumbai
Dear Shakti Raj
Regarding your calculations i hope u know the basis ie %age to calculate.
PF is to be calculated on Basic salary plus DA if applicable.
12% is contribution both by employee and employer.
The ceiling is on Rs6500/- on which the employer need to pay.
Rs.541 goes to pension account(A/C No.10) rest amount goes to EPF (A/C No.1)
In case employer is willing to contribute more than on Rs 6500 /- ,can contribute but for pension fund it shall be 8.33% ie 541.00 only
All admin charges are to be paid on total wages ie BAsic plus DA)
Rgds
Prabhakar Rao
From India, Delhi
4Regarding your calculations i hope u know the basis ie %age to calculate.
PF is to be calculated on Basic salary plus DA if applicable.
12% is contribution both by employee and employer.
The ceiling is on Rs6500/- on which the employer need to pay.
Rs.541 goes to pension account(A/C No.10) rest amount goes to EPF (A/C No.1)
In case employer is willing to contribute more than on Rs 6500 /- ,can contribute but for pension fund it shall be 8.33% ie 541.00 only
All admin charges are to be paid on total wages ie BAsic plus DA)
Rgds
Prabhakar Rao
From India, Delhi
In strict terms of EPF it is A/C No.1 if u r asking then 12% of Employee share and 3.67% of Employer share . rgds Prabhakar Rao.M
From India, Delhi
From India, Delhi
Hi to all,
Software will be very useful for PF caluclation and compliance, submittance of the statutory forms and challans. This software can be downloaded from http://www.nextechss.com/epf30installer.exe
Regards
From India, Nagpur
Software will be very useful for PF caluclation and compliance, submittance of the statutory forms and challans. This software can be downloaded from http://www.nextechss.com/epf30installer.exe
Regards
From India, Nagpur
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