PF CALCULATOR

If you want to know your PF Amount first CALCULATE YOUR Provident Fund you just need to know EPF account and prension fund account current balances and your employers contribution towards your EPF account. you should know and enter the expected growth rate in your salary and it will help you to increase EPF contribution every year.

MONTH	BASIC	EMPLOYEE 12%	EMPLOYER DIFF 12% AND 8.33% PENSION FUND	EMPLOYER  8.33%	TOTAL	INTEREST AMOUNT
Apr 2011	4,600	552.00	169.00	383.00	1,104.00	96.55
May 2011	4,600	552.00	169.00	383.00	1,104.00	192.52
June 2011	6,400	768.00	239.00	533.00	1,536.00	255.86
Jully 2011	5,500	660.00	202.00	458.00	1,320.00	209.23
Aug 2011	5,500	660.00	202.00	458.00	1,320.00	198.58
Sep 2011	5,500	660.00	202.00	458.00	1,320.00	188.27
				Total	7,704.00	1141.01

EPF CONTRIBUTION  :  7,704.00

INTEREST 9.5%            :  1,141.01

-------------------------------------------------

EPF WITH INTEREST  :  8,845.01

-----------------------------------------
CALCULATION OF AVERAGE BALANCE MODEL WORKING SHEET :

CALCULATION OF AVERAGE BALANCE MODEL WORKING SHEET

SHRI/SMT/KUM ----------------------------------------------- p.f. A/C No:----

EDLI A/C No. ---------

(Member dided on 04/08/96)

Provident fund ciontribution on 12 months wages ( from 01/08/95 to 31/07/96) are to be considered for calculation of average balance under para 22 of employees deposit linked scheme,1976.

Opening balance as on 01/04/95

Closing balance as on 91/03/95                                   Rs. 1,01,578.00

Contributed received on the wages for

march 1995 to jully 1995 @ Rs. 66/ per month            Rs.      3,000.00

-----------------------

Total          Rs. 1,04,578.00

-----------------------

Month	Opening balance	Refund of withdrawl	Both share of contn.	Interest	withdrawal	Progressive balance
9/95	1,04,578	--	600	--	--	1,05,178
10/95	1,05,178	--	600	--	--	1,05,778
11/95	1,05,778	--	600	--	--	1,06,378
12/95	1,06,378	--	450	--	--	1,06,828
1/96	1,06,828	--	300	--	--	1,07,128
2/96	1,07,128	--	300	--	--	1,07,428
3/96	1,07,428	--	300	12,572*	--	1,20,300
4/96	1,20,300	--	300	--	--	1,20,600
5/96	1,20,600	--	--@	--	--	1,20,600
6/96	1,20,600	--	--@	--	25,000	95,600
7/96	95,600	--	300@	--	--	95,900
8/96	95,900	--	300@	432**	--	96,632
					Total	12,88,350

*= Interest for the period 1995-96

** Interest for the broken period for 1996-97 calculated on interest bearing balance .

@ Member has not earned any wages

Total progressive balance in 12 months	=	Rs. 12,88,350/-
	=	Rs. 12,88,350/-          12
	=	Rs. 1,07,363/-
Assurance benefits payable	:	Rs.25,000/-+ 25% of the amount in excess of Rs.25,000/- (subject to maximum of Rs.35,000/-)
	=	Rs.25,000/-+ 25% of Rs.82,363/-
	=	Rs.25,000/-+Rs.20,591/-
	=	Rs.45,591/-
Therefore the assurance benefit payable is	=	Rs.35,000/-