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EID PF No. Name: Interest Calculation

This document shows interest calculations for employee and employer contributions to a provident fund over a 12 month period. It lists the opening balances, monthly contributions and interest earned each month for both parties. It then calculates the totals for contributions, interest and ending balances for each. The employee's ending balance was Rs. 7319.00 and the employer's was Rs. 4608.00, for a combined total of Rs. 11927.00.

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Rohit Chaudhary
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101 views1 page

EID PF No. Name: Interest Calculation

This document shows interest calculations for employee and employer contributions to a provident fund over a 12 month period. It lists the opening balances, monthly contributions and interest earned each month for both parties. It then calculates the totals for contributions, interest and ending balances for each. The employee's ending balance was Rs. 7319.00 and the employer's was Rs. 4608.00, for a combined total of Rs. 11927.00.

Uploaded by

Rohit Chaudhary
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as XLS, PDF, TXT or read online on Scribd
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EID

PF No.

Name
Interest Calculation

Employee Employer
8.50%
Month Contribution Month Interest Month Contribution Month Interest
Open.Bal. 1000.00 12 85.00 Open.Bal. 800.00 12 68.00
Apr. 500.00 11 38.96 Apr. 300 11 23.38
May. 500.00 10 35.42 May. 300 10 21.25
Jun. 500.00 9 31.88 Jun. 300 9 19.13
Jul. 500.00 8 28.33 Jul. 300 8 17.00
Aug. 500.00 7 24.79 Aug. 300 7 14.88
Sep. 500.00 6 21.25 Sep. 300 6 12.75
Oct. 500.00 5 17.71 Oct. 300 5 10.63
Nov. 500.00 4 14.17 Nov. 300 4 8.50
Dec. 500.00 3 10.63 Dec. 300 3 6.38
Jan. 500.00 2 7.08 Jan. 300 2 4.25
Feb. 500.00 1 3.54 Feb. 300 1 2.13
Mar. 500.00 0 0.00 Mar. 300 0 0.00
7000 318.75 7319.00 4400 208.25 4608.00

Employee Rs. Employee Rs.


Opening Balance 1000.00 Opening Balance 800.00
ADD : Contribution During ADD : Contribution During
the Year 6000.00 the Year 3600.00

ADD : Interest 319.00 ADD : Interest 208.00

Total 7319.00 Total 4608.00 11927.00

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