I have created a small free excelEPF maturity calculatorthat can be used to estimate the EPF corpus when you retire. It is a simple, easy-to-use and takes the EPF contributions of the employee and the employer, and then calculates the interest on the contribution that year and also on th...
If the current monthly investment required is lesser than the monthly EPF contribution, your retirement is in auto-pilot mode, provided there is no significant break or reduction in contributions due to layoffs or lesser-paying jobs. Are you planning to retire early? If so, the first ...
The TDS aspect of this is still not clear. I remember it was earlier mentioned that excess EPF contribution above Rs 2.5 lakh will be taxed in a manner similar to how fixed deposits are taxed. Now banks deduct TDS on FD interest. I am not sure if PF authorities will deduct any TDS th...
It is well known that every employee covered under the PF Scheme is allocated with a unique Universal Account Number(UAN). This12-digit UANis assigned to both the employee and the employer by theEmployees’ Provident Fund Organisation(EPFO), by virtue of which both of them could make a con...
Malaysia Employees’ Provident Fund (EPF): Rates, Deadlines, and Penalties Learn about Employees Provident Fund (EPF), a form of social security in Malaysia, and how to calculate contribution rates to ensure compliance. Legal · 29 Apr 2025 · 1 min read Business Tips Follow Business Tips (A...
Once the IT Declarations are submitted by all the employees, the employers can view the status of these submission. Other than payroll management,Employee Provident Fund(EPF) and EPS contribution are also calculated in Deskera People. In addition to a powerful HRMS, Deskera offersintegrated Accountin...
contribution for an EPF account. The contribution of the employer is 12% which is divided into two parts as 8.33% for Employee Pension Scheme (EPS) and 3.67% for Employees’ Provident Fund (EPF). The rate of interest is liable to change for every year and is announced by EPFO every ...
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So if your aim is to take the EPF contribution (at least the employers contribution alone) and buy an annuity from it, then enhancing EPS contribution to get the revised EPS pension sound much, much better. Even if the EPS pension reduced to 50% upon the death of the pensioner, it will...
-Employees Provident Fund- Tick on the check box if you are applicable for EPF Employees’ Provident Fund orEPFis a popular savings scheme that has been introduced by the EPFO under the supervision of the Government of India. The EPF contribution rate for employees is fixed at12%. ...