Srinath Sai RamDear Anamika, PF Contribution will be deducted on Basic+DA by your Employer based on Earnings @12%.Please download EPF Pass Book to the details of Remittance to EPF
From India, New Delhi
Aniket Pathakemployee share 2550
employer share 2763
employer PF 1300
admin charges 106.5
EDLI is employee deposit linked scheme where employee is insured with amount ranging between 250000 to 600000. It depends on formula i.e. employees salary not more than 15000 * 30 times + 40 % of amount in PF not more than 150000. In total 600000
From India, Pune
hr-hcblCan employee get idli benefits only after death or after retirement to.please suggest as is there any upper cap of rs.1800 for pf contribution as 12% of basic +da but not more than rs-1800.
Kindly suggest the calculation.
Aniket PathakEDLI benefits are for death case.
Above given calculation in my post is for the amount 21252/-
But, If your employer had capped the contribution to 15000/- then it will be 1800/- only.
irrespective of your basic and DA.
From India, Pune
hr-hcblThanks Aniket ji, Please find attached annexure regarding EPFO in which under note , under EPF ,point no-1 ,please clearify .
hr-hcblCan EDLI benifits will be claimed after retirement too.
The employer is at liberty to restrict the PF contribution as per the current wage ceiling of Rs.15,000/- even if he pay more than Rs.15,000 (Basic +DA or only basic) In your case the Basic + DA is Rs.21,252/- It is up to you decide whether you want to contribute on the entire amount of Rs.21,252/-
In case the employee wants to contribute more than the statutory wage ceiling he can do so as Voluntary Contribution in which the employer has no liability to contribute (employer share) on the amount of voluntary contribution.
Our friend Ankit have given the calculation based on Rs.21,252/-
The EDLI is payable in the event of the death of the employee to his nominee/legal heir
S. G. Management Services
(PAN INDIA Consultant – Labour Law Compliance,
PF, ESI, P Tax, Benefit Management &
POSH COMPLIANCE) - KOLKATA
From India, Kolkata
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