Basic Monthly Salary ₹ Current Age Retirement Age Your contribution to EPF % Employer's contribution to EPF % Current Rate of Interest % Total Maturity Amount ₹52,11,482 Avoid tax losses What is EPF? The Employee Provident Fund (EPF), is a particular retirement benefits scheme for employ...
As a result, 0.675% of Rs.6268 is Rs.42.30, which is the second-month interest calculated on your EPF. This will continue to rise as monthly contributions are increased throughout the financial year. Here's the snapshot: Basic salary + dearness allowance 20,000 Employees' EPF contributions...
Both the employer and the employee contribute 12 percent of the basic salary to the EPF account as soon as the employee begins working for the company. The D.A (dearness allowance) paid by the employer is also included in this wage....
Employer Contribution: 12% of the employee's basic salary. EPF: 3.67% EPS: 8.33% EDLI (Employees' Deposit Linked Insurance): 0.5% Administrative Charges for EPF & EPS: 1.1% Administrative Charges for EDLI: 0.01% The monthly returns generated from these contributions help grow the corpus ...
The Employee Provident Fund or PF is a perquisite given to the employees over and above their basic salary, which can help them after their retirement, or at the time of any mishappening or emergency. Q. How does PF registration process help in pension?
he will receive a huge sum of money. Provident Fund is a mandatory scheme introduced by the Government for the benefit of the employees. According to Government rules, 12% of the employee’s basic salary should be contributed to PF account by the employer and employee. The accumulated fund ...
1) 3 months of Basic wages and Dearness allowance. Check your Payslip for basic salary and Dearness allowance. 2)75% of EPF Corpus amount till now. The amount standing to the credit in EPF includes employee’s share, employer’s share and interest thereupon ...
Minimum of 7 years of service is required 5. Home Loan Repayment You can either withdraw 36 times your monthly basic salary + dearness allowance, or total EPF corpus along with interest or an amount equivalent to total outstanding principal and interest on your housing loan, whichever is lower...
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Basic Salary More than 15000, EPS Contribution, Rejection of Transfer or EPF Claim mayur ghule My claim got rejected because of “GOVERNMENT CERTIFICATE REQUIRED” what does it means? Reply GANESH PAWAR I have applied for a monthly pension but it is showing ...