Use this sheet to generate a schedule of future EPF and EPS contributions. It uses the new salary threshold of Rs. 15,000 and include the three ways in which the contributions are computed if the basic salary is above the threshold.
Pratheek John suggested this would be more useful than the EPF corpus calculator published yesterday. In fact, I realized that this is more accurate.
Let me know if any more features can be added. Do check with the entries in your pay slip to check if the results match.
Thanks to AIFW members, Ashal Jauhari, Praveen, Suresh Narula, Ashish, Krishna Chandrashekar and Ramakrishna Sripathy for valuable inputs.
Thanks to Kirti of Bemoneyware for a lucid essay on the subject:
Basics of Employee Provident Fund: EPF, EPS, EDLIS
Here is the screenshot of the schedule:
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