Dear All,
Please find attached 21Useful Chart for TAX Compliance..
also I have a query about EPF Employer Contribution. According to this chart page no.13. 8.33% or Max Rs.541 Pension Fund, EDLI 0.5% of Basic+DA or Max Rs.32.50 and EDLI admin Charges 0.01% of Basic+DA or Max Rs.0.65.
Now my query is, if a employee’s Basic+DA is Rs.8000 than what is contribution of Employee’s and Employer’s
For Exp: 8000*12% =960 Employee’s contribution
8000*3.67% =294 PF Employer contribution
6500*8.33%= 541 Pension Contribution
8000*1.1%= 88 Admin Charges PF
6500*0.5%= 32.5 EDLI
6500*0.01%=0.65 Admin Charges of EDLI
Now Total= Employee’s contribution is 960+ Employer’s Contribution is 956.15= Rs.1916.15.
Is it right or wrong please confirm us.
Thanks,
Regards,
J.N.Modi
Please find attached 21Useful Chart for TAX Compliance..
also I have a query about EPF Employer Contribution. According to this chart page no.13. 8.33% or Max Rs.541 Pension Fund, EDLI 0.5% of Basic+DA or Max Rs.32.50 and EDLI admin Charges 0.01% of Basic+DA or Max Rs.0.65.
Now my query is, if a employee’s Basic+DA is Rs.8000 than what is contribution of Employee’s and Employer’s
For Exp: 8000*12% =960 Employee’s contribution
8000*3.67% =294 PF Employer contribution
6500*8.33%= 541 Pension Contribution
8000*1.1%= 88 Admin Charges PF
6500*0.5%= 32.5 EDLI
6500*0.01%=0.65 Admin Charges of EDLI
Now Total= Employee’s contribution is 960+ Employer’s Contribution is 956.15= Rs.1916.15.
Is it right or wrong please confirm us.
Thanks,
Regards,
J.N.Modi
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