11th September 2017 From India, New Delhi
If the wages are more, then for EDLI the limit of 15,000 applies because the benefits are limited to 15000. One cannot contribute more than that because there are no benefits above that amount. However, if the wages are more than 15000, then there is one option. Count 12% on entire wage, contribute EDLI amount on 15000 and rest in PF. That is permissible.
Vibhakar Ramtirthkar, , 9371001906
12th September 2017 From India, Pune
How To Deduct Pf For Basic More Than 15000?
now the changed query is
EDLI wages showing more than 15000. How to go about it? Employees are willing to take pf benefits.
in such environment the replies will not match the query, so it is better to be reader , than replying to such misleading person's queries
13th September 2017
If your Basic + DA is more than 15000/- per month then your contribution will be 12% on your actual PF Wages i.e. Basic + DA, EDLI will be deducted on 15000/- that is mandatory you cannot contribute on more than 15000/- in EDLI and rest of the amount will be added in Employer's contribution.
18th March 2019 From India, Ankleshwar