EDLI Admin Charges - basic salary.. CiteHR
CiteHRCiteHR
 
HOME RISE NEW TEAM →|
Home > Human Resource Section > Employee Compensation & Benefits

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 -  Member Since: Jun 2007
Dear Mithun, The EDLI contribution and its administration charges computed on EPS wages only. regs Bhushan

suraj007 -  Member Since: Jul 2007
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 -  Member Since: Sep 2006
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 -  Member Since: Mar 2007
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




 
 
 
 





POSTING RULES OF CONDUCT
  • Do not post anything derogatory about any company or person.
  • Sharing articles from other websites should be done by posting a link to the original article.
  • To discuss sensitive issues create a pseudo/anonymous account.
  • Please avoid repeat posting your company profile - such accounts are removed automatically.
  • Found This Useful? +Vote Up This Via Google.  

    Why Vote? User validation is extremely important for good content to prosper.
    Disclaimer: This network and the advice provided in good faith by our members only facilitates as a direction towards the actions necessary. The advice should be validated by proper consultation with a certified professional. The network or the members providing advice cannot be held liable for any consequences, under any circumstances.



    3M Users, 100K+ Documents & 450K+ Discussions

    Share »


    Cite.Co helps people come together to solve each other's problems on all aspects of professional life.
    Community Support & Professional Insights. Login or Register.
    Email/Username    
    Password  

    About Us - Advertise - Contact Us - RSS   On Google+  
    All trademarks and copyrights held by respective owners. Member comments are owned by the poster.
    Privacy Policy | Disclaimer | Terms Of Service
    Facebook Page | Follow Us On Twitter | Linkedin Network