Dear All;
If the wages are more, then for EDLI the limit of 15,000 applies because the benefits are limited to 15000. One cannot contribute more than that because there are no benefits above that amount. However, if the wages are more than 15000, then there is one option. Count 12% on entire wage, contribute EDLI amount on 15000 and rest in PF. That is permissible.
Vibhakar Ramtirthkar, [Login to view], 9371001906