Suggestions- you must have a base amount. So, based on excel the current salary becomes the starting point. But there might be previous amount. So that becomes base. Nice video and thanks for nice calculator, your loan calculator is awseome.
As it was mentioned in your video, that it's compound Interest on the EFP amount, If I login to EPFO site, it does not show any compound interest value. It just shows cumulative amount contributed by Employee & Employer. Where can I check my compounded interest value in EPFO site? Whether it shows in EPFO site or not ?
I left job on Jan-2022 and still I kept money on EPF but not getting interest, this topic you missed to cover Sir Ji, please make video of reply on this, what should I do to get interest every year?
Tried using the calculator. I started working at the age of 22 and now I am 38. I know the current amount in my EPF. Using the calculator now at the age of 38, it does not consider what I already have in my account I believe. Please add this. There should be a field to enter the current EPF balance and it should start calculation from there.
Its a useless calculated, the excel sheet is locked thus when calculated EPF amount is more than 7 digit then I can't expand to see the total...great job team
Thank you the detailed explanation, you mentioned that 7:15 0.5 % is paid to EPFO as a premium for insurance. 1. How can we know the details about this insurance 2. If we want to use this insurance facility how can we use it?
Please can you create a separate video for only the topic of 100 percent withdrawal steps in case of scenario where a person is unemployed for more than 2 months.
The calculator assumed we remain in the same company throughout the contribution period. Rule says if you change your company, interest will accrue for 18 Months of last employer contribution and then account remains as is since further contribution will come in EPF account opened by new company (in same UAN).
Hello sir, I transferred out of india in same company in aug 2022 and I am no more contributing to PF now. So what will happen to my PF balance. For how many years I can keep my AC without removing PF balance.? After how many years my AC will get doormat.? Will I keep getting intrest.? Intrest earned after my transfer or ac inactive will be taxable.? Thanks in advance
Very useful Info Sir.! Thanks .. I have a question on VPF, Just help me to understand whether Money Invested in VPF is tax exempted completely over and above 80C limit ? For Example: I am under 30% tax slab and my 80C limit is over utilized by EPF and ELSS, apart from EPF I am contribution 1Lakh Extra as VPF. Now this 1laks is exempted from my salary TDS (30%) ? I am assuming this 1Lakh will debited before tax calculation. Or this 1Lakh will be debited post tax/TDS calculation and I need to pay 30% tax on this amount before it goes to VPF ? Please do clarify.
EPF Employee contribution is covered under 80C for tax deduction with a cap of 1.5 L. What about Employer contribution, is this covered under some sections of income tax for deduction benefit? If yes under which section?
Please anyone answer : In Atal Pension Yojana: After demise of Subscriber and Spouse, corpus amount will be given to Nominee. What if the spouse is the nominee as well, Does the spouse get corpus as well as pension till death?
Hello Sir .. Aapke videos me private employees ko dhyan me rakh kar vdos banaya jata hai... jo but obvious hai ki unki sankhya jyada hai but pls gov . employee ko dhyaan me rakh kar bhi vdo banaye.. aur ek vdo old scheme Income tax saving par vdo jarur banaye..
The excel sheet is showing ###### on cells after 12 years, after entering a high salary amount, ig it is because of overflow when corpus exceeds 10 crores....
If there is no contribution for 6 months or more than 6 months in any epf account then what are the consequences and what should do ? Please explain.. thank you.
I had initially planned to retire at 62, work part-time, and save money, but the impact of high prices on various goods and services has significantly disrupted my retirement plan. I'm worried about whether those who experienced the 2008 financial crisis had it easier than I currently am. The volatility of the stock market is a concern as my income has decreased, and I fear that I won't be able to contribute as much as before, potentially jeopardizing my retirement savings.
There is a problem in using Excel calculator, width of column I and J cannot be increased, due to which the data doesn't show accurate number... Itni mehnat ki wo bhi kaam nahi aa rhi, please fix it
Sir jo aapne tax exemption bola wo clr nahi hua suppose company 1500 deti hai jo 80C mai jayega to humara 1500 contribution kis section k under jayega. (7.5lakh i think aapne bola)
Very informative video. Appreciate the efforts to educate people. I have 3 questions: First, if someone leaves the job and still want to stay invested till the age of 58 or 60 in EPF (without contributing further after leaving the job), is this allowed? Or withdrawal is mandatory who is not in job? Secondly, pls elaborate on EPS process. Does it start automatically or How can someone apply for pension to start? Is this lifelong or till a certain age? Does this also continue for dependents? If someone leaves job at age 40 and withdraws EPF amount, what happens to accumulated EPS amount? Thirdly, what if someone continues to work after 60 years of age. Lets say someone works till 65, will EPF and EPS amount still get added up?
महोदय 33 साल से प्राइवेट कंपनी में जॉब कर रहा हूं मेरी लास्ट सैलरी दो साल 15000 पर मंथ रही थी और मुझे पेंशन केवल 3250 मिल रही है मेरे हिसाब से यह गलत है अगर सही के गणना करने का नियम हो तो अवगत का कष्ट करें
Let's say a person started his investment at 24 years but at 40 he left his job and now he is owning his business... So in that case will his investment which was available till 40 years gets compounded till his/her maturity age which is 58 years ... In short I just want to know whether compounding interest takes place or not even he is not working for any employer.... Your response will be helpful 😊.. Thanks in Advance... Video was quite informative as I was not aware about EPS maximum contribution for each months ...
Context - I am about to take a home loan. I have completed 4 years 5 months of continuous service Q1) Can I withdraw money for pre-payment of loan at any point on the loan tenure after I take the loan? Q2) Should (Can?) I wait to complete 5 years of service before withdrawing to have 0 tax implications?
one thing is missing in this calculator sir.... What if someone is having some initial amount already in EPF. Can you please consider that in your calculator?
My Question Is, If I am doing a job in A company and after sometime I switch to B company, So My A company PF amount can be transfer to B company but what about A company pension contribution amount?
i have shifted to new organization where NPS is implemented instead of EPF. what should i do with the EPF / EPS after 3 years of non service in the last PF a/c
Sir agr mahilaon K document m high school K mark sheet K according sar name diploma m na likha Ho to kya epfo se Paise nhi nikal payenge? Sadi K bad aksar es trh ki problem aati h... Mere diploma m nam K sath tripathi ni likha h, Baki high school n inter mediate m sar name likha h.... Plz reply me sir 🙏🙏🙏🙏🙏🙏
Abhi me 29 year ka hu. Our mene kuch paise uthaye nahi he to me jab me 58 sal ka ho jauga to muje TOTAL EPF+EPS +INTEREST + MONTHLY PENSION Milega kya?
I have a total of 9 years of experience. I have withdrawn my last employers pf. And my current company's pf account is 3 years old. Can I withdraw partially for some reason?
Hello Asset yogi - you always makes incredible video- my query is setting the basic : My employer gives me an option to set basic as part of CTC - min is 35 percent and max is as per your wish. Example : total CTC is 36 LPA Setting Basic : 3122940 LPA Employer - 374753 per annum Employee - 374753 per annum out of which 250000 is tax free 124753- interest on this amount is taxable as I fall in 30 percent slab. Do you think setting above basic is good for long run
I request you to review floowing points & send representation to the Prime minister office for review & rectification. 1 Presently, PF allows payment of interest upto three years post retirement. However, it becomes taxable as person is no more an employee. Amendment may be made in income tax to make such interest income expempt upto 3 year like ppf. 2 Withdrawal of PF may be allowed in installments as person is not able to invest the full amount immediately. 3 Retirement age has gone up to 60+ years in many companies/ Govt. However pension is fixed at the age of 58 years under family pendion fund. It may be modified to make it in line with age of retirement. 4, Senior executives/ Directors continue to work upto 75 years & continue to contribute heavy amount to pf. It should be discontinued beyong 60 years. Govt will save huge interest. 5 , Family pension under epf should be discontinued afer the introduction pf NPS.Pension may be commuted as if person is retiring today & corpus be transferred to employee NPS Account. I hv retired 5 years back & faced these issues. I am available for discussion. Regards
Thank you for the details, very helpful. Question: I want to withdraw my entire PF amount and DOE is also mentioned. I have 19+ years of job experience and am currently working outside India. In my last organization, DOJ is 2015 and DOE is 2018 (after that I moved out of India). Will there be any TDS or Tax deduction just because my last company duration is 3 years (though I have 19 years exp) or PF department will consider my total 19 years of exp? I have transferred all my PF amounts from my previous employer to my last employer. My KYC was also verified.
मैं 22 साल से एक प्रायव्हेट कंपनी मे जॉब कर रहा हुं लेकीन मेरा फंड अभी तक 6 लाख तक पहुंच गया है.1990 से 2001 तक ब्याज 12% मिलता था फिर सरकार चेंज हो गयी ब्याज् 8% इतना नीचे कर दिया मेरा जॉब 2002 को सुरू हुंआ.आज 22 साल बाद सिर्फ 6 लाख हो गया है. सरकार employee को बरबाद कर रही हैं
@@AnujNeogi-ih2dbit never increased 10% as per calculation..after some years it stuck.. that's the hard reality..no one can reach 1 lakh 65k per month contribution as shown in excel.
I have completed my 58 years in December 2023 with continuing service from July 92 and retiring in December 2025. I don’t want pension now till 2025 what is the rules please let me know.
Need your guidance 🛂 How to change bank account details in my cdsl demat account? Any Online Easy procedure? (as I started with paytm payments Bank in groww but now I want to change it with normal bank)
If I choose 12% instead of standard 1800, will it reduce my in-hand salary? What is the law? Can company take out employer contribution from my other components like 'special allowance' etc. ? or is it offence by company? Please give info on this.
My employer is deducting only 1800 and 1800 despite I have basic salary 138k per month What is best percentage of deduction I can ask to deduction.. Or shall I continue with 1800 per month deduction and invest that percentage of amount as mutual funds sip
Sir, I have a UAN number since 2012 which got created in my company I had joined. Then after 9 years I have changed another company. My question Do I need to transfer amount from previous company PF account to new company. OR there is not need as I am using UAN
Mei jan retire hua 2022 me to epfo ne 50% hi paisa nikalne ki anumati di, uske baad 5.2023 me higher pension ka online firm bharea diya abhi pension bhi nahi aai aur eof me jo paisa pra hai wo bhi nahi nikal sakte pension paane ki lalsa mei
Hello Sir, your video is extremely grateful but I have a question for you. In your video you have captured as an employer contribution to EPF but you didn't mention under which section?
Sir , I have left my Job and doing something of my own. I want to know that whether I can transfer my EPF amount to my newly opened PPF account to get the benefit of interest compounding? And Its have been 9 months passed since I left my job, is there any benefit to keep that money in EPF account or should I withdraw it ? Please answer Sir
Hello Sir, thanks for the informative video, ek query hai, agar koi person 58 age ke badh apna EPS i.e monthly retirement pension leta hai toh use kis age tak milti hai, is it till death ya jab tak uske EPS me balance/amount hai tab tak?
Meri company 5 sal se 10000 salary pf me dikhati hai or 12% mera katt jata hai.... increment krte hai but basic salary 10000 btati hai ...halme meri salary 27000 he....iss case me kya kr skte hai?
If an Employee worked in India for 10 continuous years, left his job and joined another job outside India after 3 months. His/her total (Employee + Employer contribution) is approx. 10 lac INR. Will he/she be able to withdraw all the EPF + EPS amount. If yes, does he/she need to fill and submit form 15G while applying online for this withdrawal ? Or he/she can ignore form 15G and go ahead applying online. Request clarity here.
Hi… thank you for such detailed video on EPF. Question - how long can i keep money in EPF when i am not contributing to EPF (not working in India anymore). Rule says for 36 months Interest will be paid is that true still
Hi thanks for your video. I am not an indian citizen working with multinational company and i have taken the voluntary option to contribute in PF. Currently my employer contribution of 8.33% is contributed in EPS which is not restricted to 1250. i.e. if 10000 is employer contribution then than 8333 is contributed towards EPS and rest 2667 on EPF. I checked with my employer and the reason i got was due to me being international worker. Can you suggest if this is correct?
Sir if Salary more than 15000 p.m of a person then EDLI applicable??if applicable then what is the procedure.kindly describe in briefly payroll structure.
great video. Thank you. just one request, can you make a video on EPS details and how to apply for it ? how to find the EPS info of someone expired like father expired, now how can family find it?
Sir Main Ek contractor hoon aur maine EPF Registration le liya kyuki Tender mein maang raha tha EPF Registration. Mere paas koi employees nahi hai Tender milne pe main 1-2 employee Contract Basis pe rakh leta hoon Es case mein Mujhe As a Employer Kaise Return File karna Hoga. Please Help
Agar koi employee dusri company join karta hai to employee contribution to naye account mein transfer kar leta hai but EPS amount nahi. Phir next company mein naya ban jaata hai aur purane waala ussi account mein padaa reh jaata hai. Wo amount ka kya hoga.
I've worked for multiple employers and not all of them divide PF contribution as EPF+EPS. Some employers have put all amount in EPF only. In this case how the pension will be calculated? Can i opt out of EPS and get whole contribution in EPF?
hello sir, after resigning from job after 23 years of service, my age is 44 years and now I have not joined any organization or in a position to transfer my EPF account, So, my question is, How long I can keep my money in EPF account? and Is it advisable to keep the money in EPF account in my case? or Should I withdraw this amount and invest it somewhere else. Infact, I am a very safe investor and do not want much return compared to safety. So, Can I and Should I keep my money safe in EPF account or withdraw it. Kindly guide.
My salary is 15500 and it shows pf restricted Bit in my CTC it show 1800 monthly pf contribution what is it?? Is only i contributed in my account I dont have any idea about my UAN
I'm pissed with this EPFO they don’t respond via calls and emails Field officer too doesn’t respond could you please tell me if my OLD PF account money is transferred to a new Acc I wish to withdraw this amount now but when I go to claim section I can only see Advance Form no other forms are available and I've no clue how to claim that money? So I want to know how can I withdraw that money that got transferred to a new PF account.
