Kindly confirm if we calculate PF monthly returns correctly or incorrectly as below:
- Employee share: 12% of EPF wages
- Employer share: 3.67% contribution to EPF
- Employer share: 8.33% as EPS (Pension Contribution) (PF Wage Ceiling 15000/-)
- Admin Charge: 0.85% on EPF Wages
- EDLI: 0.50% on EPS Wages
- Admin Charge on EDLI: 0.01% (Minimum 200/-)
Is EDLI calculated on EPS wages or EPF wages? Kindly confirm.
Thanks,
Manu
From India, Indore
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7- Employee share: 12% of EPF wages
- Employer share: 3.67% contribution to EPF
- Employer share: 8.33% as EPS (Pension Contribution) (PF Wage Ceiling 15000/-)
- Admin Charge: 0.85% on EPF Wages
- EDLI: 0.50% on EPS Wages
- Admin Charge on EDLI: 0.01% (Minimum 200/-)
Is EDLI calculated on EPS wages or EPF wages? Kindly confirm.
Thanks,
Manu
From India, Indore
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PF Contribution on not less than Minimum Wage.pdf