Every salaried person has a right to know the current status of their provident fund (PF), particularly at the end of the fiscal year. Employees make a fixed monthly contribution of 12% of their base pay to their retirement account, and employers match that contribution. Let us understand how to calculate PF amount from passbook.
How to calculate total PF amount in passbook?
When calculating the provident fund balance, the employer and employee contributions are added together. Employer contributions total 12% of the employee's pay, with employee contributions totaling 3.67%. The employee's basic pay determines whether the 12% employer contribution is to be based on gross salary or basic pay.
The 2 ways to assist you with how to calculate total pf amount from passbook are as follows;
EPFO Website:
In the
EPFO website, click on "Member Passbook" under the section for employees on the EPFO website.
By entering your universal account number, or UAN, and password, you can access the PF passbook.
Along with the opening and closing balances, the breakdown of contributions made by the employee and employer are both displayed. Additionally, the amount of any PF transfers as well as any PF interest collected will also be stated.
If your UAN has more than one provident fund number associated with it, all of them will be displayed. To view the balance of a particular PF account, you must click on the relevant member ID.
Unified Portal:
The provident fund balance can also be viewed by opening the PF passbook after logging in to the
Unified Portalwith your UAN and password. The PF contributions for various fiscal years are also available for viewing.
Follow any of the above-given steps to assist you with how to calculate PF amount from passbook.
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How to Calculate PF Amount From Passbook?
Karishma
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2023-07-10T20:34:36+00:00 2023-07-10T20:50:41+00:00Comment
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