companies covered by PF have to remit 0.5% of the salary as contribution towards EDLI. I understand that the maximum salary for this calculation is only Rs 6500 and not actual salary which can be more than this.
As of now we are remitting 0.5% of total salary instead of restricting it to Rs 6500 as salary.
Please clarify which salary to be considered.
As of now we are remitting 0.5% of total salary instead of restricting it to Rs 6500 as salary.
Please clarify which salary to be considered.