Dear All,
Any one help me how to calculate PF maturity.
I Know the PF interest is 8.5 %, But i want to know about the interest rate calculation.
Please tell me,whether the interest rate will be calculate monthly basis or yearly basis..?
Please explain to me an example or case study....

From India, Chennai
Dear ashok PF interest will be calculated one the closing balnce as on 31/mar/2013. Regards Prasad
From India, Hyderabad
as and when employee resigned in the mid of the year on prorate basis the interest will be calculated.
From India, Hyderabad
on his/her date of withdrawal!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
From India, Delhi
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