PF CALCULATOR

If you want to know your PF Amount first CALCULATE YOUR Provident Fund you just need to know EPF account and prension fund account current balances and your employers contribution towards your EPF account. you should know and enter the expected growth rate in your salary and it will help you to increase EPF contribution every year.



 MONTH
 BASIC
 EMPLOYEE 12%
 EMPLOYER
DIFF 12% AND 8.33% PENSION FUND
EMPLOYER 


8.33%
 TOTAL
 INTEREST AMOUNT
 Apr 2011
 4,600
 552.00
 169.00
 383.00
 1,104.00
 96.55
 May 2011
 4,600
 552.00
 169.00
 383.00
 1,104.00
 192.52
 June 2011
 6,400
 768.00
 239.00
 533.00
 1,536.00
 255.86
 Jully 2011
 5,500
 660.00
 202.00
 458.00
 1,320.00
 209.23
 Aug 2011
 5,500
 660.00
 202.00
 458.00
 1,320.00
 198.58
 Sep 2011
 5,500
 660.00
 202.00
 458.00
 1,320.00
 188.27




 Total
 7,704.00
 1141.01



EPF CONTRIBUTION  :  7,704.00

INTEREST 9.5%            :  1,141.01
-------------------------------------------------
EPF WITH INTEREST  :  8,845.01
-----------------------------------------
CALCULATION OF AVERAGE BALANCE MODEL WORKING SHEET :


CALCULATION OF AVERAGE BALANCE MODEL WORKING SHEET
SHRI/SMT/KUM ----------------------------------------------- p.f. A/C No:----
                                                                                        EDLI A/C No. ---------
(Member dided on 04/08/96)
Provident fund ciontribution on 12 months wages ( from 01/08/95 to 31/07/96) are to be considered for calculation of average balance under para 22 of employees deposit linked scheme,1976.
Opening balance as on 01/04/95
Closing balance as on 91/03/95                                   Rs. 1,01,578.00
Contributed received on the wages for
march 1995 to jully 1995 @ Rs. 66/ per month            Rs.      3,000.00
                                                                              ----------------------- 
                                                                 Total          Rs. 1,04,578.00
                                                                               -----------------------            


Month
Opening balance
Refund of withdrawl
Both share of contn.
Interest
withdrawal
Progressive balance
9/95
1,04,578
--
600
--
--
1,05,178
10/95
1,05,178
--
600
--
--
1,05,778
11/95
1,05,778
--
600
--
--
1,06,378
12/95
1,06,378
--
450
--
--
1,06,828
1/96
1,06,828
--
300
--
--
1,07,128
2/96
1,07,128
--
300
--
--
1,07,428
3/96
1,07,428
--
300
12,572*
--
1,20,300
4/96
1,20,300
--
300
--
--
1,20,600
5/96
1,20,600
--
--@
--
--
1,20,600
6/96
1,20,600
--
--@
--
25,000
95,600
7/96
95,600
--
300@
--
--
95,900
8/96
95,900
--
300@
432**
--
96,632





Total
12,88,350


*= Interest for the period 1995-96
** Interest for the broken period for 1996-97 calculated on interest bearing balance .

@ Member has not earned any wages



Total progressive balance in 12 months
=
Rs. 12,88,350/-

=
Rs. 12,88,350/-
         12

=
Rs. 1,07,363/-
Assurance benefits payable
:
Rs.25,000/-+ 25% of the amount in excess of Rs.25,000/- (subject to maximum of Rs.35,000/-)

=
Rs.25,000/-+ 25% of Rs.82,363/-

=
Rs.25,000/-+Rs.20,591/-

=
Rs.45,591/-
Therefore the assurance benefit payable is
=
Rs.35,000/-



8 comments:

  1. I want to start a new company .

    How many minimum people are required to start PF a/c

    .Do i have to pay on basic salary the PF amount or

    ReplyDelete
  2. I want to start a new company .

    How many minimum people are required to start PF a/c

    .Do i have to pay on basic salary the PF amount or

    ReplyDelete
  3. min required people are 20 www.epfinfo.com

    ReplyDelete
  4. why this much commercials on the pf webstie the pvt parties misusing for thier ads,, this is an evidence,,, avoid this cheating by the pvt parties,, making money by your website, how come the govt allow such pvt parties who cheat the public to host on govt website,,, is it by bribe,
    here is an evidnece,
    Check PF Balance OnlineKnow Your PF BalanceHow to Check EPF Balance
    PreLaunch By Mantri Group
    jllr.co.in/MantriSerenity_Bangalore
    2/3 BHK in Mantri Serenity at 68 L. Limited PreLaunchOffer @KanakpuraRd
    moer over the website not accepts the pf claim applications,, is this way of cheating,, by the pf dept also,,, we people under dilemma,,, totally exploitation of the public,,, central govt PM must answer to this ,,,,

    ReplyDelete
  5. even the email id what has been given in the pf website ie epfindia@hotmail.com also cheating there is no email id,, its is bouncing back,, is this the way govt dept working now,,,, why cheating the people,,, totally pity,,,, and mass cheating by the pf office,

    ReplyDelete
  6. ia am not able to check my PF status just because of these ads coming on links please check this nd let us use the website for which it was ment.

    ReplyDelete
  7. I Have Submitted the PF Form On 19.Dec.2016 When i Get the Amount on My Account.

    ReplyDelete
  8. I Have Submitted the PF Form On 19.Dec.2016 When i Get the Amount on My Account.

    ReplyDelete

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