Hi,
please anyone help on How to calculate edli charges?
i know it is 0.5 % but not sure whether it is from basic of employees or ceiling for rs.6500.
Please confirm the below example is correct.
if employee has basic 10000
employee share 12% - 1200
employers 8.33% on 6500 - 541
employers 3.37% on 6500 - 239
EDLI 0.5% on 6500 - 32
Admin charges 1.1% on 10000 - 110
EDLI admin charges 0.01% on 6500 - 1
Thanks in advance
please anyone help on How to calculate edli charges?
i know it is 0.5 % but not sure whether it is from basic of employees or ceiling for rs.6500.
Please confirm the below example is correct.
if employee has basic 10000
employee share 12% - 1200
employers 8.33% on 6500 - 541
employers 3.37% on 6500 - 239
EDLI 0.5% on 6500 - 32
Admin charges 1.1% on 10000 - 110
EDLI admin charges 0.01% on 6500 - 1
Thanks in advance