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What is EPF calculator?
What is the Employee Provident Fund (EPF) calculator?
How much money will I have in my EPF account at retirement?
How do you calculate EPF maturity?
Calculate your Employee Provident Fund (EPF) contribution and earnings in India with our Cleartax EPF calculator.
How to use Groww’s EPF calculator? It is very easy to access and use our EPF calculator. Just input the values and the result will be generated within seconds. Step 1: Enter your basic salary and your age.
- Yes, all of our calculators are free to use.
- There is no fixed upper cap on the number of times you can use the service. You can use it as many times as necessary.
- Even if you shift to a new job, the UAN stays the same. It is fixed and unchangeable. Thus, you can use the same EPF calculator.
- In that case, you will need to modify the value you put in when using the EPF calculator.
- You can only withdraw the money for personal purposes: After you have completed 7 years of service Only thrice during the EPF account’s duration. N...
How to Use the PF Calculator. This calculator helps you compute the Employee Provident Fund (EPF) contribution based on your basic salary and dearness allowance (DA). Follow the steps below to use the calculator: Enter the Basic Salary in the given input field. This must be a positive number.
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.
- Contribution to The EPF by Employees
- Contribution to The EPF by Employers
- Rate of Current Interest Rate
Every month, the employee contributes 12% of their basic pay and Dearness Allowance to the EPF account. For instance, if the basic monthly income is Rs 20,000(assuming there is no dearness allowance), the employee contribution will be 12% of 20000, or Rs 2400.
The employer is expected to contribute 8.33% of the 12% to the Employee Pension Scheme, with the remaining 3.67% going to the EPF. As a result, Rs.734, i.e., the employer, contributes 3.67% of Rs 20,000 towards the EPF. As a result, for a person earning Rs 20,000 per month, the total contribution to the EPF account will be the employee contribution...
The EPF's current interest rate is 8.1% for the 2022-23 fiscal year. The rate of interest for the EPF scheme is set by the EPFO every year. The finance ministry reviews the rate of interest changes based on the current market scenarios. This interest, however, is calculated at the end of each month rather than at the end of the year. After the fina...
Aug 5, 2024 · This article will teach you how to calculate the EPF pension amount and use the EPF contribution calculator to prepare for a financially secured retirement. If you work in an unorganized sector, check out the Atal Pension Yojana calculator.
How to Use the EPF Calculator. Enter the following details: Employee Salary (Basic + DA): Total monthly salary including basic and dearness allowance. Employee Contribution Rate (%): The percentage of the salary that the employee contributes to the EPF.
