Hello,
I am hereby putinga query regarding EDLI & Admin amount to be calculated for EPF.
Previously it was 1.36% as per norms:
In details:
.85%
.50%
.01% or 200/- fixed.
Now as per the latest amendment, they said .85% is decreased to .65%
& as per Central Govt Notice vide S.O 828 (E) dated 15.3.2017 has determined that no sum shall be payable by the Employer towards administration of the Employee Deposit Link- Insurance Scheme 1976.
Can you please clarify the above ?
Is it mean that an EMployer have to consider only .65% of Basic or 1.15% (.65%+.50%) of Basic.
Kindly Clarify.
I am hereby putinga query regarding EDLI & Admin amount to be calculated for EPF.
Previously it was 1.36% as per norms:
In details:
.85%
.50%
.01% or 200/- fixed.
Now as per the latest amendment, they said .85% is decreased to .65%
& as per Central Govt Notice vide S.O 828 (E) dated 15.3.2017 has determined that no sum shall be payable by the Employer towards administration of the Employee Deposit Link- Insurance Scheme 1976.
Can you please clarify the above ?
Is it mean that an EMployer have to consider only .65% of Basic or 1.15% (.65%+.50%) of Basic.
Kindly Clarify.