Step 5: Enter 12% in the box for employee’s EPF contribution and employer’s EPF contribution Step 6: Enter the current EPF interest rate and hit 'Calculate'. ET Money's EPF calculator will calculate the total contribution, total interest income, and maturity amount. You can also add the...
PF Registration is mandatory for all the organizations that have 20 or more employees. Such organizations are required to contribute a fixed amount towards Employee Provident Fund out of employee salary and wages. If an employer fails to get EPF employer registration, or indulges in false represent...
The PF Interest Calculator helps with the calculation of interest on both employee and employer contributions at the end of the year is the subject of the following section. For the financial year 2020–2021, the interest rate is 8.5% p.a. Hence, 8.5% divided by 12 equals 0.7083% each mo...
Contact the employer– Employees can also directly contact their employer (HR) to request the PF account number Look at the salary slip –In most cases, the employers mention the PF account number on the employee’s salary slip Methods to Check EPF Balance both Online and Offline What is the...
employee is deducted from the salary on a monthly basis as a 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 ...
In the EPF scheme, both employees and employers contribute a portion of the employee's basic salary each month. Typically, an employee contributes 12% of their basic pay, while the employer matches this contribution. This combined amount is deposited into the employee’s EPF account. Over time...
The Employee needs to follow up for no fault of his. Yes, it sucks but you need to fight out to get your money.For your next job make sure that your entire Employer contribution is going towards EPF The solution suggested by EPFO is “You are advised to approach the employer for rectif...
5.A. The Administrators, may, at the request of any employee required or permitted under Regulation 5 to subscribe to the Fund, receive to the credit of such employee any amount maintained by his former employer and transferred by the said employer directly to the Fund. 5.B. In case any...
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 ...
Monthly depository & withdrawal contribution of the employee and the employer Monthly contribution towards the pension account of the employee Any previous account that has been transferred to the existing UAN The date and time of the printing of the passbook is also mentioned at the end of the ...