Calculate your EPF dividend every month. EPF, or Employees Provident Fund, is a Malaysian agency that is controlled by the Ministry of Finance. It manages the retirement savings plan for Malaysia's private and non-pensionable public sector employees. The EPF had 12.7 million members as of the ...
If you are a salaried employee, then chances are that you have an Employee’s Provident Fund (EPF) account that you regularly make contributions from your salary deductions. You might know what the latest EPF interest rates are, but do you knowhow to calculate interest on your EPF account b...
Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance.
Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance.
How Does an EPF Calculator Works? Every time a person submits accurate information about his or her monthly EPF deposits, the EPF calculator employs unique technology to calculate the proper amount. People can quickly determine the lump-sum amount (including employees performance, employer contribution...
This calculator is used to calculate the total amount accumulated in EPF based on 12% Employee contribution and 3.67% employer contribution to EPF. It is based on the following assumptions: An employee starts with a basic salary of Rs. 20,000 at 25 years and works till 60 years. Every ...
However, instead of making a manual calculation, you can calculate the EPF amount with the help of an online EPF calculator. How to use ET Money's EPF Calculator? ET Money's EPF Calculator is easy to use. You need to add the inputs and instantly get the results. Step 1: Enter your...
To calculate the interest rate applicable for each month, the calculation is: 8.1%/12 = 0.675% If an employee joined a firm ABC in April 2022, the total PF contribution for April will be Rs. 2,350. There will be no interest earnings on PF for the month of April. ...
Details required to Calculate Interest on EPF The following details are required to calculate the interest on EPF- Employee’s current age CurrentEPF balance Basic salary and dearness allowance of a maximum of Rs. 15,000 per month EPF contribution percentage ...
Date of joining is important to calculate number of years contributed to EPF, as we know that withdrawal in EPF after 5 years is tax free. It is also necessary for calculation of EPS pension. If your nominee detail is not properly recorded or updated then it may give trouble during claim...