PF Calculation
Understanding Provident Fund calculations
Provident Fund
PF Basics
- Employee contribution: 12% of Basic + DA
- Employer contribution: 12% (split into PF + EPS)
- Wage ceiling: Rs. 15,000 (optional for higher salaries)
Calculation Example
For Basic of Rs. 20,000:
- Employee PF: Rs. 2,400
- Employer PF: Rs. 1,200 (to EPF)
- Employer EPS: Rs. 1,200 (to pension)
PF Settings
Configure per employee:
- PF applicable or not
- Include other allowances
- Restricted to ceiling
- VPF (voluntary contribution)
Compliance
System generates:
- Monthly PF challan
- ECR file for portal upload
- PF register