A provident fund calculator is an online tool by which you can calculate your\u00a0EPF\u00a0interest which you would receive from the central government at the time of your retirement. Basically, a\u00a0PF calculator<\/b>\u00a0is an investment assessment tool that helps you assess your investments in employee provident fund schemes. PF amount calculator will not only help you know the interest on your PF funds, it will also provide you with an estimate of how much balance you would have in your employee provident fund account when you retire.<\/p>\nKey information to be put in PF interest calculator<\/h2>\n
An employee should enter the following information in a\u00a0PF interest calculator<\/i>\u00a0to know his\/her PF interest:<\/p>\n Once you put all the above information in the\u00a0PF calculator<\/u>, it will reveal the total interest you would receive at the time of retirement. EPF calculation is, therefore, made easier by EPF calculator.<\/p>\n Before heading towards EPF calculation, an employee should be aware of the following things:<\/p>\n An employee can get tax benefits for contributing to provident fund accounts under section 80C of the Indian Income Tax Act, 1961. This benefit can be availed for contributing up to Rs. 1 lakh to a PF account. If you contribute for an employee provident fund account for 5 years, you will escape tax deduction on the amount you have contributed. But, if the duration of your EPF contribution is less than 5 years and your withdraw your PF contribution before it completes 5 years, income tax will be deducted at source (TDS).<\/p>\n\n
Provident fund interest rate<\/h2>\n
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Tax Benefits on EPF contributions<\/h2>\n
Basic things you should know about EPF and EPS calculations<\/h2>\n
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EPF and EPS contributions made by employees\/ employers<\/strong><\/h2>\n
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\n Scheme Name<\/td>\n Employee\u2019s contribution<\/td>\n Employer\u2019s contribution<\/td>\n<\/tr>\n \n EPF<\/td>\n 12%<\/td>\n 3.67%<\/td>\n<\/tr>\n \n EPS<\/td>\n –<\/td>\n 8.33%<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n","protected":false},"excerpt":{"rendered":"