Doubt on calculation of "Total EDLI Contribution (ER Share A/C 21) "
Option : 1
Total EDLI Contribution (ER Share A/C 21) x Gross Wages
Option : 2
Total EDLI Contribution (ER Share A/C 21) x EDLI Wages
Please suggest us which option complies with EPF Act.
Regards,
Sravan
From India, Mumbai
Option : 1
Total EDLI Contribution (ER Share A/C 21) x Gross Wages
Option : 2
Total EDLI Contribution (ER Share A/C 21) x EDLI Wages
Please suggest us which option complies with EPF Act.
Regards,
Sravan
From India, Mumbai
DO NOT WORRY ABOUT THE EDLI CALCULATION, IT IS DONT THE WEB SITE. YOU HAVE TO CALCULATE ON ADMIN CHARGES A?C 2 & A/c 22 ONLY
From India, Bengaluru
From India, Bengaluru
EDLI SHOULD BE CALCULATED ON THE TOTAL WAGES ON WHICH 12% IS CONTRIBUTED BY THE EMPLOYER. FOR EXG. SAY EPF CONTRIBUTION SALARY IS RS. 5,00,000/- LACS P.M., THEN EDLI WOULD BE @ 0.5% ON RS. 5,00,000/- WHICH IS EQUAL TO RS. 2,500/-P.M. hOWEVER TOTAL GROSS MAY BE MORE THAN RS.5,00,000/- ALSO.P.M.
V.MURALI
From India, Madipakkam
25V.MURALI
From India, Madipakkam
Dear Sravan,
EDLI contribution is on salary up to ceiling (at present ceiling salary is Rs. 15000). There is no need to contribute to beyond ceiling limit. Compensation is limited on ceiling salary.
Abbas.P.S
From India, Bangalore
EDLI contribution is on salary up to ceiling (at present ceiling salary is Rs. 15000). There is no need to contribute to beyond ceiling limit. Compensation is limited on ceiling salary.
Abbas.P.S
From India, Bangalore
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