EDLI Admin Charges - basic salary.. CiteHR
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EDLI Admin Charges - Basic Salary

unholycrab Started The Discussion:

Dear Friends, I just have on what amount EDLI admin charges (.01 % ) has to be calcultated. Is it on PF wages or on EPS Wages? Regards, Mithun

bhushan dahanukar - Contributing Member
Dear Mithun, The EDLI contribution and its administration charges computed on EPS wages only. regs Bhushan

suraj007 - Contributing Member
yes edli admin charge calculated on pf wages.It is .01%. if total basic is 100000 then edli admin chrge is =100000*.01% regards suraj saini

bhavikhc - Contributing Member
EDLI Admin charges are to be calculated on total Basic salary suject to basic salary of employee limited to Rs 6500/-. many people may argue that it is same as EPS salary but , now there may turn out to be a case where an employee has crossed the age of 58 year. for that employee EPS is not applicable but EDLI is.

thanks and regards
Bhavik H. Chheda

www.chhedaconsultancyservices.com

hrshah - Contributing Member
Quote:
Originally Posted by unholycrab
Dear Friends,

I just have on what amount EDLI admin charges (.01 % ) has to be calcultated. Is it on PF wages or on EPS Wages?

Regards,

Mithun
Dear Mithun,

I would like to inform u that EDLI admn charges is payable @ .01% on Pay ( Basic+DA ) upto Rs. 6500/= only.

Pl. do not consider EPS wages for it, as there may be an employee who has crossed the age of 58 yrs and not be the member for EPS.

with regards,
H.R.Shah

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