EPF withdrawal before the fulfilment of 5 years of consecutive service draws TDS on the withdrawal amount. However, if the withdrawal amount is below ₹ 50,000, no TDS is subtracted. Rules for EPF withdrawal before 5 years of service are: EPF contribution is made in 4 parts – Employer’...
Employer Contribution Growth Rate in EPF Contribution Rate of Interest Current Pension Fund Balance Submit Our EPF calculator will help you to estimate your Employee Provident Fund (EPF) corpus at the time of retirement. You just need to enter the current balance of your EPF account or ...
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...
You would get both EE which Employee’s contribution and ER which is the employer’s contribution. If you have contributed for 5 years in EPF then there is no tax deduction but for less than 5 years TDS is deducted. Our article SMS What is EE, ER? How much on Withdrawal from EPF?
If an employee opts to transfer his/her PF amount to National Pension Scheme (NPS), such withdrawal is not taxable. According to Section 80C, if an employee has made claims for exemption on EPF contribution for past years on EPF, he should pay tax on employee's contribution, employer's ...
Enter employee contribution in a percentage format Finally, enter the current PF balance Lastly, enter the expected retirement age and employer’s contribution to PF The calculator uses the current rate of interest being paid by EPF for this calculation. Once all the fields are filled with relev...
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 monthly interest on EPF would be- ...
The amount of tax that needs to be paid on the withdrawal depends on the individual's tax slab and the amount of the EPF corpus. How can you use the EPF calculator? The calculator takes into account the amount of contribution made, monthly salary, increase in salary and the age of ...
The ID of the establishment and the name of the company (Employer). The ID of the member and the member’s name (Employee). Name of the EPFO office and its type. Employer’s and Employee’s share made in the contribution. Monthly depository and withdrawal contribution of the employee and...
Members: Responsibility, Pamphlets (Age 50, 55 and 60 years withdrawal, Withdrawal to reduce housing loan or purchase a house, leaving country withdrawal, health and death withdrawal, Incapacitation withdrawal), Online Services (Unclaimed contribution info search, Unclaimed withdrawal payment or cash ...