Dear Seniors,
I have some query in the PF calculation for which I have already gone through the previous discussions of cite Hr but referring to different discussions have confused me.
My query is mentioned below:
A/c No 1 EPF- 12% (employee) +3.67% (employer)_Here calculation is done on the employee basic+DA.
A/c No.2 EPF Admin Charges -0.85%_DOUBT: Is 0.85% calculated on the actual basic+DA salary of the employee or on the total EPF amount mentioned in A/C No 1?
A/c No.10 EPS -8.33 % (employer)_DOUBT (1):Is 8.33% calculated on the actual basic +DA of the employee? (2) In case if the Basic +Da of employee is above Rs.15000 then should we calculate this amount on Rs.15000 only or on actual basic+ DA? (3) If we are restricting it on Rs.15000 then is it as per law or if employer wishes he can pay on the actual basic+ Da of the employee which is more than Rs.15000?
A/c No.21 EDLI -0.50%_DOUBT:(1) Is it calculated on actual basic+DA and is there a capping of Rs.15000 on this if basic +Da is more than 15000
A/c No 22 EDLI Admin Charges-0.01% _DOUBT: (same doubt of EDLI)
I have some query in the PF calculation for which I have already gone through the previous discussions of cite Hr but referring to different discussions have confused me.
My query is mentioned below:
A/c No 1 EPF- 12% (employee) +3.67% (employer)_Here calculation is done on the employee basic+DA.
A/c No.2 EPF Admin Charges -0.85%_DOUBT: Is 0.85% calculated on the actual basic+DA salary of the employee or on the total EPF amount mentioned in A/C No 1?
A/c No.10 EPS -8.33 % (employer)_DOUBT (1):Is 8.33% calculated on the actual basic +DA of the employee? (2) In case if the Basic +Da of employee is above Rs.15000 then should we calculate this amount on Rs.15000 only or on actual basic+ DA? (3) If we are restricting it on Rs.15000 then is it as per law or if employer wishes he can pay on the actual basic+ Da of the employee which is more than Rs.15000?
A/c No.21 EDLI -0.50%_DOUBT:(1) Is it calculated on actual basic+DA and is there a capping of Rs.15000 on this if basic +Da is more than 15000
A/c No 22 EDLI Admin Charges-0.01% _DOUBT: (same doubt of EDLI)