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...
EPF Contribution reduced for 3 months to 10% due to Covid 19 The Ministry of Labour & Employment hasimplementedthe decision To reduceemployees’ EPF contributions to 10% from the existing 12%. This is applicable for both employee and employer contributions. Shown in the image below The lower ...
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...
According to the EPF scheme in Para 72 (6), “Any amount becoming due to a member as a result of: (i) supplementary www.epfindia.gov.in contribution from the employer in respect of leave wages/arrears of pay, instalment of arrear contribution received in respec...
This 12-digit UAN is assigned to both the employee and the employer by the Employees’ Provident Fund Organisation (EPFO), by virtue of which both of them could make a contribution to EPF. The UAN stays the same of life and thus the employee need not request for another number whenever ...
Yes, if you intend to access the EPF portal to access online services, it is necessary to connect the UAN directly to both your PAN and Aadhaar. Q: What is the process for employees to receive the UAN number? Ans: If you're employed by an organisation that employs more than 20 people...
This 10 minute video shows, how to find EPF office that is applicable to your company and you. 2. Check your PF contribution paid by the company 3. Check whether your company is exempted or unexempted from PF 4. Check TRRN number of PF challan of every month. 5. Find the establishmen...
How to Make Payroll System in Excel What Is the Payroll Process? A payroll administrator needs to do detailed planning of the whole payroll process. There is always work managing ongoing tasks that need attention and constant monitoring of changes to tax withholding, contribution, and other things...
PF Passbook is an important documentwhich tells members about the contribution made by its employer, interest credits, transfers made, etc. You should check regularly to know if your EPF account is in good standing. It also helps you keep a tab on the balance in the account and if the in...
Now this amount of Rs 4.7 lakh in EPF Account 2 (Taxable Contribution) will generate interest. Let’s say you generate a total of Rs 35,000 interest on this amount (check thelatest EPF interest rate history). Since you have to pay the tax on this as per your tax slab, let’ say ...