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• Dear Sir
  Why we are no getting intrest on pension part

  • Praveen-This is how the rules are set :)

• Sir,
  I got salary rs 13000 per month what will be the total amount deducted in my pf account from both side?

• SIR,

  I WANT TO KNOW ONE THING.
  SALARY IS CALCULATED FOR 26 DAYS INA MONTH. BUT FOR 31 DAYS INA MONTH HOW IT IS CALCULATED.
  IF WE ARE PAYING FOR THAT EXTRA 4 DAYS MEAN WHETHER WE SHOULD DEDUCT PF AND ESI FOR THAT 4 DAYS ALSO. PLEASE SAY ASAP

  • Jegatheesan-Usually salary will be calculated for entire month (including Sundays). So EPF or ESI will be for the same days.

    • SIR,
      SO WE CAN DEDUCT ESI AND PF FOR THAT 4 DAYS ALSO .

      • Jegatheesan-Yes.

        • SIR,
          AND WHAT ABOUT FOR LEAVE ENCASHMENT AND FOR THAT ALSO WE CAN DEDUCT ESI AND PF FOR THAT

        • Jegatheesan-You need to follow according to formula applicable.

        • OPGoyal
          EPF is reqd to be deducted from Leave Encashment & Equal Contribution as per rate Apli., will have to be Deposited by Employer in employee's Of A/c Pl.

• This is very informative and useful. I would like to know the rate of interest in GPF,PPF and EPF.

  • Mohanty-Thanks. You can view the recent PPF rate in my previous post "All about Public Provident Fund".

• sir,
  I Need to know whether salary limit for PF is extended from 6500 to 15000 rupees sir.

  • Hello sir,

    I want to know the pay structure for 12000 rs. like BASIC ,DA, HRA conveyance.

    • Jegatheesan-It depends on company policy like in Rs.12,000 how much will be Basic, DA and HRA or other components of salary. There is no such rule which can say that one must fix this much Basic to employee.

  • Jegatheesan-No, it is still Rs.6,500 only.

    • Since June 2014 the limit for EPs 95 Contribution has been increased from earlier limit of 6500/- pm.to Rs 15000/- pm pl

    • Sir goodmorning,
      EPFO ANNOUNCES MINIMUM MONTHLY PENSION IS 1000.WHETHER ITS FOR THE PERSONS THOSE WHO ARE WORKING CURRENTLY OR THE PERSON WHO RETIRED.

      • Jegatheesan-It is yet to be approved by cabinet. Once it get approval then we will get clear picture. But I am 200% sure than cabinet will say "YES" looking at coming general elections :)

        • K SIR. BUT IT WILL BE USEFUL FOR CURRENT EMPLOYEES OR RETIRED EMPLOYEES ONLY

        • Jegatheesan-To all :)

    • sir,

      I need to know how gratuity is calculated

      • Jegatheesan-Below formula will be applied to calculate Gratuity.
        (15/26) * Last Salary Drawn * Completed years of service. Here if completed years of service is more than 6 month then it will added to next year like 20 years 7 months will be equal to 21 years, 20 years 4 months will be equal to 20 years and 20 years 6 months will be 20 years only. Salary for this purpose will be Basic+DA.