Provident Fund :

Note :PF always calculated on BASIC + DA

Total PF contribution : 25.61%

Employers Contribution :12% (3.67% PF +8.33%Pension) +1.61%Administrative charges (1.10% Adm charges +

Note: Pension value 8.33% is always constant whther PF value can be variable depending on the Basic & DA
Pls study following cases:

Case :1 if Basic + Da = 6500 then then contri wil be like ths Pension 8.33% ( 541) and PF value wil be (239)

Case II 1 if Basic + Da > 6500 then then contri wil be like ths Pension 8.33 %( constant value 541) and PF will be :
( cal.: 12000*12% -541 = 899/-)

Case III : if Basic + Da < 6500 then then contri wil be like ths Pension 8.33% and PF 3.67% of basic +DA
Exp : if basic is 5500/- then Pension wil be 5500*8.33% =458 and PF will be 5500*3.67% = 202/-

Employess Contribution:12% goes to PF amount only.

PF Calculation Sheet:
1.Mention your location name if existing
2.No of empls elidgible for PF
3.PF salary ths is Basic + DA amount
4.Emps contri 12% fix value
5.Emplrs contri for PF Variable ( calculation has defined above)
6.Emplrs contri 8.33% fix value
7.PF>6500 means Basic +DA >6500 ( See case II)

Some other useful info regarding PF:

Form No. Purpose

13 (revised) For transferring the Provident Fund account of a member from one establishment another establishment covered

19 To be submitted by a member to withdraw his Provident Fund dues on leaving service/retirement/termination.

10-C For claiming - Refund of Employer share.( with form no.19)
10-D To be submitted by the first claimant i.e.- member or - widow/widower or- orphan nominee as the case may be
31 For the use of Provident Fund members to avail advances / withdrawals as provided in the scheme
Rate of Interest:8.5%

Note :Formula are given asked pls whre r u confused and if stil confuse then I ll submit a demo sheet……pls revert b
 (1.10% Adm charges +.50 % EDLIF Charges) =13.61%

n the Basic & DA

alue wil be (239)

ue 541) and PF will be : exess amount - 541 as exp IF Basic + DA is 12000/- then it wil be like ths Pension will be 541/- and PF

% of basic +DA

her establishment covered under the act / scheme

he case may be

mo sheet……pls revert back to me

on will be 541/- and PF will be 899/-
 PF CALCULATION SHEET

SL.No.
LOCATION NO.OF EMPLOYEE
PF SALARY EMPs CONT.( 12%)
EMPr CONT(3.67%)
E.P.F. EMPr.CONT( 8.33
PF>6500
%)
1
2
3
4
5
6
7
Total 0 0 0 0 0 0

Total PF Salary 0
PF>6500 0 Total 0 Amount A/C
Total 0 Administrative charges 1.10% 0 2
E.D.L.I.F Employer 0.50% 0 21
Administrative charges 0.01% 0 22
Ems share +Emp Share 12%+3.67% 0 1
Pension 8.33% 0 10
Total 0
 EMPLOYEES PROVIDENT FUND OFGANISATION
COMBINED CHALLAN OF A/C NO. 1,2,10,21, & 22,
STATE BANK OF INDIA
Name & Address of Branch……………………
(USE SEPARATE CHALLAN FOR EACH MONTH)

ESTABLISHMENT CODE NO. ACCOUNT GROUP NO. PAID BY CHEQUE/DD/CASH

MM YY
04 08
Employee's Share D D M M Y Y
DUES FOR THE MONTH OF
Employer's Share 04 08 DATE OF THE PAYMENT 0 0 0

TOTAL NO. OF SUBSCRIBERS 0 0 0

A/c 1 A/c 10 A/c 21
TOTAL WAGES/SALARY 0.00 0.00 0.00

S.NO PARTICULARS A/C NO. 1 A/C NO. 2 A/C NO. 10 A/C NO. 21 A/C NO. 22 TOTAL

1 EMPLOYER'S SHARE OF CONTRIBUTION 0.00 N/A 0.00 0 N/A 0

2 EMPLOYEE'S SHARE OF CONTRIBUTION 0.00 N/A - N/A N/A 0

3 ADMINISTRATIVE SHARGES N/A 0.00 N/A N/A - 0

4 INSPECTION CHARGES N/A - N/A N/A 0 0

5 PENAL DAMAGES - - - - - 0.00

6 MISC PAYMENT - - - - - 0.00

TOTAL 0.00 0.00 0.00 0 0 0

TOTAL AMOUNT IN RUPEES (in words)

NAME OF ESTT.: For Bank's use only

ADDRESS Amount Received Rs.______________ Bank Scroll No._____________
(For Cheques only)
NAME OF DEPOSITOR Date of Presentatin
SIGNATURE OF THE DEPOSITOR Date of Realisation DATE &
(TO BE FILLED IN BY EMPLOYER IN CASE PAYMENT IS MADE BY CHEQUE/DD Branch Name Signature SEAL OF
CHEQUE/DD NO. DATE : Branch Code No. BANK
NAME & ADDRESS OF THE BANK