Employer’s contribution towards EPS would be Rs. 1250 (8.33% of 15,000) Employer’s contribution towards EPF would be Rs. 550 *3.67% of 15,000) Total monthly contribution towards EPF = Rs. 2,350 (Rs. 1800 + Rs. 550) Considering the current EPF contribution rate to be 8.5%, the m...
employer is not bound to do a matching contribution.The employer is liable to pay contribution only on 6500/15000 whatever is the basic salary. This is called voluntary contribution and a Joint Declaration Form needs to be filled up where the employer...
12% contribution from employee salary goes to EPF, but the 12% contribution of your employer contribution is distributed as 8.33% actually goes in EPS (subject to the maximum of Rs 541 and after Oct 2014 Rs 1250) and the rest goes into EPF. The amount of employe’s contribution that goes...
The contribution of employee for EPF is the 12% of (Basic pay + DA) The contribution Employer for EPF is the 12% of (Basic pay + DA) Take note that the employer's contribution of 12% is split into two parts: 8.33 % goes to the employee pension plan (EPS) and 3.67 % goes to ...
Employer Contribution is divided as: 3.67% into EPF 8.33% into EPS 0.5% into EDLIS 0.85% for EPF Administrative Charges 0.01% for EDLIS Administrative Charges Growth Rate in EPF This is also equal to your salary growth rate. In other words, enter the percent at which you expect your sal...
Your Contribution % 12% 20% Current EPF Balance ₹0 ₹50L Retirement Age 60 Yrs Current EPF Rate of Interest % Amount Invested Vs Maturity Total Investment ₹ Maturity Value ₹ Maturity Value ₹ Interest Earned ₹ Employer's Contribution ₹ Your Contribution ₹ 48....
Employer’s contribution towards EPS 1,666 The total EPF contribution 3,134 The interest rate for FY 2021-22 8.10% Interest rate per month 0.675% Interest received 42.30 However, instead of making a manual calculation, you can calculate the EPF amount with the help of an online EPF calculat...
PF is directly related to the employee's pension. Apart from the employee's contribution of 12% towards EPF, an equal amount is contributed by the employer. Out of this, 8.33% goes towards the Employee Pension Scheme (EPS). Q. What if PF registration is not done?
# Do remember that under Field 16 of Form 15G, mention the estimated income for which you are filing the Form. For EPF Withdrawal Enter the EPF amount you will get. This includes only Employee and Employer contribution. This should not include EPS or Pension. ...
Employer’s contribution towards EPF = Employee’s contribution – Employer’s contribution towards EPS = 1800-1250=₹ 550 Total EPF contribution every month = ₹ 1,800 + ₹ 550 = ₹ 2,350 The interest rate for 2018-2019 is 8.65%. When calculating interest,the interest applicable per...