ankitavaid320@gmail.com
7

Dear All, Please guide what is the calculation of PF as per supreme court order and who pays EDLI and admin charges.
From India, New Delhi
PROFESSIONALS AND BUSINESSES PARTICIPATING IN DISCUSSION
Bijay_majumdar
Freelancer In Hr &indirect Taxes For
Ankitavaid320@gmail.com
Srf Ran Engineer
Vishm
Recruitment And Payroll Consultant
+1 Other

debora-sumopayroll
27

The employer makes the contribution to these schemes on behalf of the employees. The employee contribution is deducted from the salary before they credit the salary. Employees themselves need not make any direct payment to these schemes.
The contribution of employees is calculated as: –
For EPF – 12%
For EPS – None
For EDLI – None
The contribution of Employer is calculated as: –
For EPF – 3.67%
For EPS –8.33% or Rs. 1,250/-
For EDLI – 0.50 or max Rs. 75/-
The chief motive of the EDLI scheme is to offer financial security to the family members of the policyholder (deceased person). Family members mean spouse, unmarried daughter or male child up to 25 years of age. The employee cannot choose which of the three schemes, EPF, EPS or EDLI, that he/she wants to opt for, but they are transferable with any change in the job. The new employer will continue to make payment in the existing account only.

From India
ankitavaid320@gmail.com
7

Hi, Is this EDLI charge is also paid by the employee’s salary. Regards Ankita
From India, New Delhi
bijay_majumdar
356

Is the supreme court order be considered valid for epf deductions/ contributions on gross salary which includes basic DA and any other allowances which are paid regulary,generally and uniformly to all employees,except HRA.(Read in an order).
Where in EPF authorities so far has not notified officiallly about any such change mentioning the supreme court order.
Request if any of the respected memeber has got any latest update pls share in details pls.
May be I might have missed some updates if any.

From India, Vadodara
vishm
6

Hi Ankita, EDLI and Admin charges are paid by employer and not from employee’s salary unless you are following CTC structure. Regards, Vishakha M
From India, Mumbai
biju.joseph
If an employee joined on 1995 and opt for 8.33% higher EPS contribution, then what will be the pension calculation:-
Whether :-
1) The average last 60 months EPS contribution is supposed to be Rs.21450/- , then Rs21450x35/70 = Rs.10725 pension per month

2) Or it will be divided in three parts (a) i.e. 6500/- (till revision of ceiling to 15000) (b) 15000 to till supreme court ruling (c) and from Supreme court Ruling to till retirement. (a+b+c) will be the final pension per month.

From India, Mumbai

Attached Files (Download Requires Membership)
File Type: xlsx Example for higher PF calculation.xlsx (17.8 KB, 27 views)

If you are knowledgeable about any fact, resource or experience related to this topic - please add your views.







About Us Advertise Contact Us Testimonials
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2023 CiteHR®

All Material Copyright And Trademarks Posted Held By Respective Owners.
Panel Selection For Threads Are Automated - Members Notified Via CiteMailer Server