Sr. Manager Hr/admin
Assistant Manager Hr
Software Consultant, Lms Expert
31st March 2016 From India, Delhi
HOWEVER YOU CAN CONTRIBUTE 12% AS EMPLOYEE CONTRIBUTION. HOPE THIS CLARIFY YOUR QUERY
2nd April 2016 From India, Bangalore
2nd April 2016 From India, Madras
Your employer is right, Legally he is bound to deduct employer's share on 15000, But if he is -desirous he can do it.But you cannot compel him to deduct on 20000. Here is the clear cut explanation of contribution.
EPF employees provident fund calculation,EPS,EDLI,Admin -----
The article tells you the ways to calculate EPF Calculation.
16th November 2016
As per my opinion, my Basic+Special Allow + Exgratia is ( 12000+4000+4000)
= Rs. 20,000/- as per Judgement of Supreme court in civil Appeal No 6221 of 2011
as per maximum limit of Rs. 15,000*12% = Rs. 1800 (Employee Contribution)
I would like to know that, what is the correct formula in excel format for this rule .
30th April 2019 From India, Gurgaon