Dear All,

I m submitting herewith the combined sheet of PF calculation sheet and challan sheet in excel format as per requirement of our some HR felloz.Hope it will be useful for you.

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 +.50 % EDLIF Charges) =13.61%

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 : exess amount - 541 as exp IF Basic + DA is 12000/- then it wil be like ths Pension will be 541/- and PF will be 899/-
( 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 under the act / scheme

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 back to me
 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 mumbai 1 15000
2
3
4
5
6
7
Total 1 15000 0 0 0 0

Total PF Salary 15000

PF>6500 0 Total 15000 Amount A/C
Total 15000 Administrative charges 1.10% 165 2
E.D.L.I.F Employer 0.50% 75 21
Administrative charges 0.01% 1.5 22
Ems share +Emp Share 12%+3.67% 0 1
Pension 8.33% 0 10
Total 241.5
 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 1 1 1

A/c 1 A/c 10 A/c 21
TOTAL WAGES/SALARY 15000.00 15000.00 15000.00

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 75 N/A 75

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

3 ADMINISTRATIVE SHARGES N/A 165.00 N/A N/A - 165

4 INSPECTION CHARGES N/A - N/A N/A 2 2

5 PENAL DAMAGES - - - - - 0.00

6 MISC PAYMENT - - - - - 0.00

TOTAL 0.00 165.00 0.00 75 2 242

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