How to Calculate PF Amount for Salaried Employees
Provident fund is a compulsory investment scheme for the salaried Indian citizen. The fund applies to both the public and private employees. PF contribution is saved by both the employee and employer who have an agreed percentage of the salary. This beings on the onset of employment until retirement period. This when one can withdraw the funds which assist in the life after work. Every May also check the EpfIndia EPF Balance Check using uan number or pf number by uan login at epfindia.gov.in

Employees in the country have to give 12% of their salary to the scheme. The money is pooled together and saved until you attain the rightful age. The question is where is the money saved? All this funds from different employees are pooled and directed to an EPF account. Which is managed by the EPFO meaning employee provident fund organization. It established to manage and oversee the funds and ensure all employees benefit from the scheme.

Organization with 20 plus employees are eligible to apply and open accounts for the employees. The upper body managing the EPFO is the government of India. It has ensured safety for the funds and better life for all employees after retirement.

What is employees PF calculator?
Provident fund can be calculated for each employee and one can get to know how much to get at the end of saving. We have a provident fund calculator which is strong online tool. The tool will help you get the interest one get every year you save.

What are the basic information you get from the PF calculator?
A calculator has the important information it present which helps learn if you are in the right truck.

The interest gained each year and at retirement.

The amount you will receive after working.

The amount which is contributed each month.

What information is needed to fill in the PF calculator?
This are the basic question one would get to ask in order to know about their PF account. Any employee who need to learn about their account has to fill in compulsory details.

Enter the age of the employee. It has to be the current in order to get the actual calculation.
Show the current money in the account.
Fill in the retirement age which is set by the government.
Indicate the monthly salary.
The dearness allowances Give the monthly EPF in form of percentage.
Indicate if there are monthly increments.
Helps at retirement age.Individual are eligible for loans using the funds.
They get tax benefits and no deduction are done on the PF contribution.
One get the life insurance cover.
When you leave your former job one doesn’t need to open a new account you just link the accounts.

Recheck all the above details not to leave any and with this the PF calculator will give the results. Show the interest rate and the amount by the time you retire. We have all the interest rate in the EPFO portal where we have a decrease since the year 2016 up to 2018 where the rates have gone lower. This from 8.8% to8.65% the PF interest is given monthly though the total interest will be given on the end of year basis.

What are the benefits of the PF contributions?
Helps at retirement age.
Individual are eligible for loans using the funds.
They get tax benefits and no deduction are done on the PF contribution.
One get the life insurance cover.
When you leave your former job one doesn’t need to open a new account you just link the accounts.
How to Calculate PF Amount for Salaried Employees
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How to Calculate PF Amount for Salaried Employees

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