Employees Provident Fund Calculator or PF Calculator

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Employees Provident Fund Calculator or PF
Calculator

• BY iepfbalance.in

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What is a PF Calculator? A provident store
adding machine is an online apparatus by which
you can figure your EPF intrigue which you would
get from the focal government at the season of
your retirement. Fundamentally, a PF adding
machine is a speculation appraisal device that
helps you evaluate your interests in worker
provident reserve plans.
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PF sum adding machine won't just help you know
the enthusiasm on your PF stores, it will
likewise furnish you with a gauge of how much
adjust you would have in your representative
provident reserve account when you resign. Key
data to be placed in PF intrigue adding machine
 A worker ought to enter the accompanying data
in a PF intrigue number cruncher to know his/her
PF intrigue
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Current age of a worker.  Current EPF adjust.
 Period of retirement.  Month to month
fundamental pay.  Month to month dearness
remittance.  Month to month EPF commitment in
rate
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Expected compensation climb.  When you put all
the above data in the PF mini-computer, it will
uncover the aggregate intrigue you would get at
the season of retirement. EPF count is, along
these lines, made less demanding by EPF adding
machine.  Provident store loan cost Before
heading towards EPF computation, a worker ought
to know about the accompanying things
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For the most part, the focal government
intermittently tells the rate of EPF loan cost.
The EPF loan cost notice is accessible on the
official site of EPFO, India. The accompanying
are the loan costs of the last 3 financial years
 Monetary Year 2012-13 - 8.5.  Monetary Year
2013-14 - 8.75.  Monetary Year 2014-15 -
8.75.
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In view of a representative's month to month
normal adjust, EPF intrigue sum is figured.
Worker provident reserve benefactors will get
enthusiasm on their PF commitment and
additionally boss' commitment towards the same.
 Despite the fact that, PF intrigue is
ascertained on a month to month premise, the
aggregate intrigue sum is credited on a yearly
premise.
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The credit payout is typically done toward the
end of March.  EPF bookkeeping year begins from
February and closures in March.  A
representative can get tax reductions for adding
to provident store accounts under area 80C of the
Indian Income Tax Act, 1961. This advantage can
be benefited for contributing up to Rs. 1 lakh to
a PF account. In the event that you contribute
for a representative provident store represent 5
years, you will escape impose finding on the sum
you have contributed.
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An EPF account benefactor can select any of his
relatives as candidate. On the off chance that,
something heartbreaking happens to the EPF donor,
the chosen one will get a protection scope up to
Rs. 3,00,000. Prior, Rs.1.56 lakh was allocated
as protection scope. A representative ought to
ensure he/she illuminates the candidate about
this arrangement.
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 The base commitment made by a worker towards
his/her provident store record ought to be 12 of
his essential compensation. Prior, the base
compensation restrain for EPF commitment was Rs.
6,500. In any case, now, it has been raised to
Rs. 15000. For instance, if your month to month
pay is Rs.15000 and you contribute 12 of your
essential pay towards your provident reserve
account, your month to month PF store will be
Rs.1,800. Your boss will contribute Rs.550 and
Rs.1,250 towards EPF and EPS individually on a
month to month premise.
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THANK YOU

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