Hi,

Could you please provide me with the PF Withdrawal Calculator in an Excel format by entering salary data? This will help me determine the PF amount from my previous company. Alternatively, how can I cross-verify the bank's credited PF amount with the interest (break-up for the credited amount)? I hope to receive a favorable response.

Please revert back to me.

Regards,
Umesh

From India, Mumbai
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PF Withdrawal Calculator

Hi,

Could you please provide me with the PF Withdrawal Calculator in an Excel format by entering the salary data? This will help me determine the amount from my previous company's PF account.

Alternatively, how can I cross-verify the bank credit amount of PF with the interest? I am looking for a breakdown of the credited amount.

I hope to receive a favorable response.

Please revert back to me.

Regards,
Umesh

From India, Mumbai
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Dear Umesh,

Normally, 12% will be credited as employees' contribution and 12% as employers' contribution. Out of the employers' contribution, 8.33% will go to the pension fund, subject to a ceiling of Rs. 541. The rest of the full amount will go to the individual PF account. Interest will be monthly compounded and rounded to the nearest rupee separately for employee and employer contributions.

I shall insert an Excel sheet. This is applicable w.e.f. 16.11.95. The interest applicable thereafter is as follows:
- 16.11.95 to 31.3.2000 - 12%
- 1.4.2000 to 31.3.2001 - 11%
- 1.4.2001 to 31.3.2005 - 9.5%
- 1.4.2005 to 31.3.2010 - 8.5%
- 1.4.2010 onwards - 9.5%

The ceiling limits applicable are:
- 16.11.95 to 31.5.2001 - 5000
- 1.6.2001 onwards - 6500

Kindly enter the salary details, ceiling limit, and annual interest applicable in the corresponding columns.

Abbas.P.S, ITI LTD, PALAKKAD - 678 623.
Ph. +91 9447 467 667

From India, Bangalore
Attached Files (Download Requires Membership)
File Type: xls EPF Statement.xls (19.5 KB, 760 views)

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