Dear SKS,
Greetings for the day,
As you cited that HP minimum wages is Rs. 5100/- then the Deduction should be 12%(EPF) - Rs.612 /- Employee share
Employer Share 3.67% (EPF)- Rs. 187/-, 8.33%(EPS)- Rs.425/- as as as new ceiling is concern the employee whose basic salary falls under the cealing EPF/EPS deduction should be on the same . If at early the employees who were enjoying the benefit of EPF they should be continued if there basic rose above Rs. 15000/- or less then the compliance should be done on the actual basic or on Rs. 15000/- rest admin charges should be the same as earlier insead of Rs. 6500/- (EPD/EDLI cealing) the Rs. 15000/- Should be consider for EPS/EDLI.
A/C 1- 12%(+vpf)+3.67% of EPF salary.
A/C 2- 1.1% of EPF salary, not less than Rs. 5/-
A/C 10- 8.33% of EPS salary (cealing is Rs. 15000/-) not more than Rs1250/-each.
A/C 21-0.5% of EDLI salary (cealing is Rs. 15000/-) not more than Rs.75/-each.
A/C-22-0.01% of EDLI/EPS salary (ceiling should be Rs. 15000/-) not less than Rs. 2/-
Thanks & Regards,
From,
Sumit Kumar Saxena