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  • Provident Fund Interest Calculation Tool - 97-03

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    alexmechdesigner
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    This document provides a tool to calculate provident fund interest for an employee's PF account. It includes fields to enter the employee's account number, name, monthly contribution amounts from the employee and employer, and ending balances by year. The calculations apply the applicable interest rates annually to compound the interest earned over time on contributions and existing balances. Applicable interest rates have varied from 12% to 8.5% depending on the time period. The output provides the total accumulated balance in the employee's and employer's accounts as of the last date entered.

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    Original Title

    Provident Fund Interest Calculation Tool -97-03

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    This document provides a tool to calculate provident fund interest for an employee's PF account. It includes fields to enter the employee's account number, name, monthly contribution amounts from the employee and employer, and ending balances by year. The calculations apply the applicable interest rates annually to compound the interest earned over time on contributions and existing balances. Applicable interest rates have varied from 12% to 8.5% depending on the time period. The output provides the total accumulated balance in the employee's and employer's accounts as of the last date entered.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    13 views13 pages

    Provident Fund Interest Calculation Tool - 97-03

    Uploaded by

    alexmechdesigner
    This document provides a tool to calculate provident fund interest for an employee's PF account. It includes fields to enter the employee's account number, name, monthly contribution amounts from the employee and employer, and ending balances by year. The calculations apply the applicable interest rates annually to compound the interest earned over time on contributions and existing balances. Applicable interest rates have varied from 12% to 8.5% depending on the time period. The output provides the total accumulated balance in the employee's and employer's accounts as of the last date entered.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 13

    Provident Fund interest Calculation Tool (interest is compounded annua

    Enter data in shaded cell only by using TAB.


    Employee PF Account Number :

    AP

    VSP

    Name (as appears in EPF Slip) :


    Month

    Year

    Earned Basic

    Opening
    Mar
    Apr
    May
    Jun
    Jul
    Aug
    Sep
    Oct
    Nov
    Dec
    Jan
    Feb
    Total

    Balance (if Any)


    2005
    2005
    2005
    2005
    2005
    2005
    2005
    2005
    2005
    2005
    2006
    2006

    Opening
    Mar
    Apr
    May
    Jun
    Jul
    Aug
    Sep
    Oct
    Nov
    Dec
    Jan
    Feb
    Total

    Balance
    2006
    2006
    2006
    2006
    2006
    2006
    2006
    2006
    2006
    2006
    2007
    2007

    Opening
    Mar
    Apr
    May
    Jun
    Jul
    Aug
    Sep

    Balance
    2007
    2007
    2007
    2007
    2007
    2007
    2007

    Contribution

    Earned DA

    Employee

    Employer

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0

    Oct
    Nov
    Dec
    Jan
    Feb
    Total

    2007
    2007
    2007
    2008
    2008

    Opening
    Mar
    Apr
    May
    Jun
    Jul
    Aug
    Sep
    Oct
    Nov
    Dec
    Jan
    Feb
    Total

    Balance
    2008
    2008
    2008
    2008
    2008
    2008
    2008
    2008
    2008
    2008
    2009
    2009

    Opening
    Mar
    Apr
    May
    Jun
    Jul
    Aug
    Sep
    Oct
    Nov
    Dec
    Jan
    Feb
    Total

    Balance
    2009
    2009
    2009
    2009
    2009
    2009
    2009
    2009
    2009
    2009
    2010
    2010

    Opening
    Mar
    Apr
    May
    Jun
    Jul
    Aug
    Sep
    Oct

    Balance
    2010
    2010
    2010
    2010
    2010
    2010
    2010
    2010

    4876
    5056
    5225
    5225
    20382

    5225
    5225
    5675
    5675
    5675
    5675
    5675
    5910

    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    585
    607
    627
    627
    2446

    0
    0
    0
    0
    0
    0
    0
    0
    0
    179
    186
    192
    192
    749

    2471
    627
    627
    681
    681
    681
    681
    681
    709

    757
    192
    192
    208
    208
    208
    208
    208
    217

    Nov
    Dec
    Jan
    Feb
    Total

    2010
    2010
    2011
    2011

    5910
    5910
    5910
    5910
    68375

    Op. Bal.
    Mar
    Apr
    May
    Jun
    Jul
    Aug
    Sep
    Oct
    Nov
    Dec
    Jan
    Feb
    Total

    (Excluding Interest of 10-11 Year)


    2011
    2011
    2011
    2011
    2011
    2011
    2011
    2011
    2011
    2011
    2012
    2012
    0

    709
    709
    709
    709
    10675

    217
    217
    217
    217
    3266

    10675
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    10675

    3266
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    3266

    EPF Balance in your account no is EE Amt : Rs.10675 ER Amt: Rs.3266as on dd-mm-yyyy (a


    upto 31-03-2010)
    Note 1 : Interest updated up to 31-03-2010 only (For the year Mar'10 to Feb'11 [9.5%] reflect shortly.)
    Note 1 : Red color font amounts will not reflect the result.
    Information for the SMS getting from EPFO

    Sl.No

    Massage

    Meaning/ interpretation

    1
    2
    3

    Account Details
    EE Amt.
    ER Amt.

    ER Pension (it dose not reflect Remaining balance of Employers Contribution (8.33% on Basic +DA) or Max. 541/- p
    the PF Account)
    pension fund account.

    5
    6

    As on date dd-mm-yyyy
    (Accounts updated up to 3103-2010)

    Interest rates

    Office and Account no ext,


    Employees Contribution (12% on Basic +DA or Max. 780/- per month)
    Employers Contribution (3.67% on Basic +DA) or Max. 239/- per month)

    Your monthly contributions updated as on dd-mm-yyyy

    Interest added to your account balance up to 31-03-2010((interest is Compounded


    16.11.95 to 31.3.2000 - 12%
    1.4.2000 to 31.3.2001 - 11%
    1.4.2001 to 31.3.2005 - 9.5%
    1.4.2005 to 31.3.2010 - 8.5%
    2010-2011 is 9.5%
    2011-2012 not yet declared

    terest is compounded annually)


    123456

    123

    Accrued Interest
    Employee

    Pension Fund

    Employer
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0

    0
    0
    0
    0
    0
    0
    0
    0
    0
    4
    8
    13
    25

    0
    0
    0
    0
    0
    0
    0
    0
    0
    1
    3
    4
    8

    0
    0
    0
    0
    0
    0
    0
    0
    0
    406
    421
    435
    435
    1697

    6
    7
    9
    11
    12
    14
    16
    17

    1697
    435
    435
    473
    473
    473
    473
    473
    492

    20
    24
    29
    35
    40
    45
    51
    56

    62
    67
    73
    79
    582
    0
    76
    76
    76
    76
    76
    76
    76
    76
    76
    76
    76
    76
    907

    19
    21
    22
    24
    178

    492
    492
    492
    492
    7392

    23
    23
    23
    23
    23
    23
    23
    23
    23
    23
    23
    23
    278

    7392
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    0
    7392

    Rs.3266as on dd-mm-yyyy (accounts updated

    eb'11 [9.5%] reflect shortly.)

    ng from EPFO

    Meaning/ interpretation

    A or Max. 780/- per month)


    DA) or Max. 239/- per month)

    tion (8.33% on Basic +DA) or Max. 541/- per month). is goes to


    dd-mm-yyyy

    p to 31-03-2010((interest is Compounded annually)

    GR

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