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Aug 15, 2019 · The EPF calculator excel template also shows the year-wise contributions of the employee and the employer along with the yearly interest amount generated on the EPF account. Employee Provident Fund (or EPF) is a great savings product that allows employees to save a proportion of their salary every month.
- What Is EPF?
- Eligibility For EPF
- EPF Contribution
- Benefits of EPF Scheme
- Download Employee Provident Fund Calculator Template
EPF is a retirement benefits scheme available for all salaried employees introduced by the EPFO under the supervision of the Government of India. EPFO is the Employees Provident Fund Organisation of India. EPF is a saving platform that helps employees to save a proportion of their salary every month. Employees can use it in the event either they ar...
Registering with EPFO is mandatory by the labor law for all organizations with more than 20 employees to register with the EPFO. It is obligatory for the employees with a salary below Rs 15000 per month to register for EPF. Furthermore, employees having a salary above the prescribed limit can register for EPF with prior permission from the Assistan...
The Employee Provident Fund is built with monetary contributions by both; employees and their employer from the salary every month. Both contribute 12% of the employee’s basic salary including dearness allowance. Minimum Contribution amount is 12% of Rs. 15000 that is Rs. 1800. The entire 12% of the employee contribution along with 3.67% of the emp...
Employees who register for EPF are eligible for a series of benefits. These benefits ensure financial stability and security for the employee. Given below is the list of benefits that an employee can avail after registering with the EPF scheme: 1. The EPF offers a pre-fixed interest on the deposits. 2. 8.33% of the employer’s contribution to the Em...
We have created an Employee Provident Fund Calculator in Excel with predefined formulas. You just need to enter a few details and the sheet automatically calculates the PF up to 35 years. This template helps to calculate the year-wise contributions of the employee and the employer along with the yearly interest amount on Provident Funds. Excel Goog...
Aug 18, 2021 · Download the below Excel sheet and enter your monthly basic wage + DA to calculate your PF contributions and enter your gross wage to calculate your ESIC contributions. (Just enter your basic wage or gross salary to automatically calculate your monthly PF & ESIC contributions.) The above excel format is updated as per the latest EPF and ESIC ...
- 0.75%
- Employee gross salary
- 3.25%
This Employee Provident Fund Calculator is a fully automated Calculator that calculates the following based on Indian Labor Laws: Monthly Contribution based on the input of current basic salary (12% employee and 3.67% employer). Interest received on monthly contribution. Monthly employer contribution to Employee Pension Scheme (EPS).
- No, interest is not calculated on the withdrawn amount. However, interest will be calculated on the remaining amount.
- To activate UAN, register at the EPF member portal before processing claims or withdrawing funds online.
- No, you don't need to take new UAN. UAN allotted to a member will remain the same. The new PF account by the new employer is linked to the existing...
- Transfer option is available. You can do both. It is highly recommended that you transfer the amount. Because, withdrawing the amount before 5 year...
- Contributions made by employee and employer to EPF are exempt respectively for both. The employer’s contribution is tax-exempt at its source. Where...
Step 1: Visit the EPF portal and click on ‘e-Passbook’ option available on the homepage. Step 2: Enter your UAN number, password, captcha and click on the ‘Sign In’ button. Step 3: Click on the ‘Passbook’ option. Step 4: Select the ‘Member ID’ and your PF balance will be displayed on the screen.
Download Provident Fund Calculator Free Excel Template. Download ready to use and easy to customize provident fund calculator relevant for Financial Year 2022, Financial Year 2023, Financial Year 2024 etc. This template is useful for employees, HR Personnel, business managers and other professionals to compute provident fund, contributions ...
People also ask
What is an EPF calculator Excel template?
How to calculate monthly EPF contribution in Excel?
How to use the PF interest calculator?
What is the Employees' Provident Fund (EPF) calculator?
Jul 3, 2024 · Excel can forecast EPF balance at retirement using the FV (Future Value) function: =FV (Rate, Nper, Pmt, Pv, Type) Where Rate is the annual interest rate, Nper is the number of years until retirement, Pmt is the monthly contribution, Pv is the present value (current EPF balance), and Type is 0 for end-of-period payments.
