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- 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.)
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Aug 15, 2019 · This EPF calculator acts as a tool that you can use to estimate the EPF retirement corpus when you retire at 60 or even earlier. You can also call this calculator as EPF maturity calculator. But whatever you wish to call it, it is a simple, easy-to-use and can be used as a Provident Fund Calculator as well.
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.)
- 0.75%
- Employee gross salary
- 3.25%
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.
- The employee’s membership is recognized separately for each establishment. He will have different PF Account or member IDs.
- No, an employer cannot deduct an employee’s share from his wages. Such deduction by the employer is a criminal offense.
- The wages paid in a calendar month will be taken to determine the contribution due to employees who are paid daily/weekly/biweekly.
- Yes. An employee can pay voluntary contributions over 12%. The total amount of contribution of the voluntary and mandatory amount cannot be more th...
- As the Pension contribution is done from the employer’s share. Hence, no chance of any consent or refusal arises by an employee.
- The time limit is only in the case of resignation from service. Therefore, Superannuation will not be included. An employee needs to wait for 2 mon...
- There is no restriction of any period for an employee concerning EPF membership. Even after leaving a company, an employee can continue the EPF mem...
- If an employee doesn’t make any contribution to the PF account for 3 consecutive years, then the account will not earn any interest.
Jul 11, 2024 · Calculating the Provident Fund (PF) in Excel is a simple process that can save you a lot of time and effort. By using Excel’s built-in functions, you can quickly determine the amount of PF deducted from an employee’s salary.
Ready-to-use Employee Provident Fund Calculator Template in Excel, OpenOffice Calc & Google Sheet to track and calculate the EPF amount. With this template, you can calculate the real-time EPF balance in your EPF Account on monthly basis as well as yearly up to 35 years of service.
- 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...
To calculate how much money you will have in your EPF account at retirement, you can use an online tool called the EPF or PF calculator. The PF calculator will show your final PF amount after you provide these details: monthly PF contribution, Frequency of contribution, PF interest rate, and Duration.
Jul 3, 2024 · To calculate monthly EPF (Employee Provident Fund) contributions in Excel, use the formula: =ROUNDUP(MIN(MAX(0.12*GrossSalary, 1800), 15000), 0) This formula ensures the contribution is between 1800 and 15000, capped at 12% of Gross Salary.
