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    PF Challan Form

    Uploaded by

    Rajeev Doshi
    The document provides guidance on calculating Provident Fund (PF) contributions for employees. It outlines three cases for PF calculation based on salary levels and defines the contribution rates for employers (12%) and employees (12%). It also includes a sample PF calculation sheet to record employee details, salaries, and PF contributions. Instructions are provided on using the combined challan form to make payments for multiple PF accounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd

    PF Challan Form

    Uploaded by

    Rajeev Doshi
    5K views8 pages
    The document provides guidance on calculating Provident Fund (PF) contributions for employees. It outlines three cases for PF calculation based on salary levels and defines the contribution rates for employers (12%) and employees (12%). It also includes a sample PF calculation sheet to record employee details, salaries, and PF contributions. Instructions are provided on using the combined challan form to make payments for multiple PF accounts.

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    Pf Challan Form

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    © Attribution Non-Commercial (BY-NC)

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    The document provides guidance on calculating Provident Fund (PF) contributions for employees. It outlines three cases for PF calculation based on salary levels and defines the contribution rates for employers (12%) and employees (12%). It also includes a sample PF calculation sheet to record employee details, salaries, and PF contributions. Instructions are provided on using the combined challan form to make payments for multiple PF accounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    5K views8 pages

    PF Challan Form

    Uploaded by

    Rajeev Doshi
    The document provides guidance on calculating Provident Fund (PF) contributions for employees. It outlines three cases for PF calculation based on salary levels and defines the contribution rates for employers (12%) and employees (12%). It also includes a sample PF calculation sheet to record employee details, salaries, and PF contributions. Instructions are provided on using the combined challan form to make payments for multiple PF accounts.

    Copyright:

    Attribution Non-Commercial (BY-NC)
    Download as XLS, PDF, TXT or read online from Scribd
    Download as xls, pdf, or txt
    You are on page 1of 8

    Dear All,

    I m submitting herewith the combined sheet of PF calculation sheet and challan sheet in excel format as per requirement of ou

    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
    t as per requirement of our some HR felloz.Hope it will be useful for you.

    (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

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

    TOTAL NO. OF SUBSCRIBERS


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

    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

    2 EMPLOYEE'S SHARE OF CONTRIBUTION

    3 ADMINISTRATIVE SHARGES

    4 INSPECTION CHARGES

    5 PENAL DAMAGES

    6 MISC PAYMENT

    TOTAL

    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

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