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...
Once all the fields are filled with relevant data, the calculator automatically calculates the total PF investment and maturity value based on the latest applicable interest rate. It also shows the total interest earnings, the total employer’s contribution, and the total of employee contribution on...
employee may choose to put in contribute more than this, voluntarily he can do so at any rate he desires upto 100% of basic and D.A. The contribution will earn the same
The contribution is toEPFandnottoEPS, Pension Scheme The contribution will earn thesame rateas normal EPF contribution. The interest rate for the Year 2019-20 is 8.5% while for year 2018-19 was 8.65% Investments in VPF are considered equivalent to investment in any other investment instruments ...
Table comparing EPF and NPS is given below Should you transfer EPF to NPS? No because Currently, there is no other scheme that gives an assured return of around 8% and that too tax-free. EPF contribution happens before salary comes to the bank account so it is compulsory saving for retire...