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,
Step 2: Input your basic monthly pay and the expected annual increase in your basic salary in India. Step 3: Provide the amount of the employee's contribution and the employer's contribution. Step 4: Offer the interest rates (decided by the federal government) earned upon EPF balance. The...
ESOP or Employee Stock Option Plan (Scheme) is a share purchase program for employees in private companies to get company ownership.
How much EPF Contribution would impact your take home EPF Withdrawal due to Corona Virus Employees contributing to EPF who have already availed of the first COVID-19 advance can now opt for a second advance also. The process for withdrawal of the second COVID-19 advance is the same as in...
If you need to calculate your net annual income, you will need to subtract any applicable deductions from your gross annual income. Common deductions in India include: Professional tax Employee Provident Fund (EPF) contributions Employee State Insurance (ESI) contributions ...
3. To download the Appendix 8A and Appendix 8B forms, click on theDownload Formbutton and the form will be downloaded in PDF format for the selected employee. The details will be auto populate in the form as mentioned in the system. ...
Using Deskera People, you can add employee’s information for creating their profile required to run the payroll. Following are the below steps to add employees in the system 1. Click on theEmployeesoption located on the left side of the main dashboard, ...
Your tax liabilities for a Financial Year are calculated from the income earned by you during that year. Sometimes, that income includes arrears (past dues paid in the current year). Usually tax rates increase with time which means that you may have to pay higher taxes in such case. However...
The golden rule for retirement planning is to save 12% of basic salary every month into the EPF account. With the employer's contribution of a similar amount, the savings would grow into a significant amount by the time of retirement. A point to remember here is that the because of the ...