A retirement savings plan called an Employee Provident Fund is a pension plan primarily designed for employees of any company. Employee Provident Funds are managed and regulated by a statutory body called the Employees Provident Fund Organization (EPFO), which can provide financial support to the working class. Contributors can currently benefit from an interest rate…
Category: EPF Calculator
What Is the Formula for Calculating EPF?
What is the formula for calculating EPF? If you wonder about the Employee Provident Fund calculation on salary or how it is implemented, here’s what you need to know: salary-paying employees contribute each month a set amount. It is possible for an employee to contribute as much as 100% of their salary base through a…