Welcome to the PF Calculator! This tool is designed to help employees in India calculate their Provident Fund (PF) contributions based on their basic salary. Understanding your PF deductions is essential for effective financial planning and ensuring you’re aware of your retirement savings.
Instructions for Users
- Enter Your Basic Salary: In the provided input field, enter your basic salary. Ensure that the amount is accurate, as it directly affects your PF contribution.
- Calculate PF: After entering your salary, click the “Calculate PF” button. The calculator will compute the mandatory PF deduction based on the current regulations.
- View Result: The result will be displayed below the button. It shows the total PF amount that will be deducted from your salary.
Important Notes
- Eligibility: PF contributions are mandatory for employees earning a basic salary up to ₹15,000 per month. For higher salaries, contributions may be voluntary.
- Maximum Deduction: The maximum PF deduction is capped at ₹1,800, regardless of the basic salary amount.
- Understanding PF: The Provident Fund is a long-term savings scheme that provides financial security post-retirement. It is managed by the Employees’ Provident Fund Organization (EPFO) in India.