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
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
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.
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