Respected seniors, I have one query regarding the deduction of Admin (1.1%), EDLI (0.5%), and EDLI (0.01%) Admin charges. Please let me know on which amount these respected charges will be calculated.
Employee Details and Contributions
Emp D.O.J. Basic salary EPF Salary EPF (12%) EPS Salary EPS (8.33%) Diff EPF-EPS
A 01-12-2013 10000 10000 1200 10000 833 367
B 01-01-2014 16000 15000 1800 15000 1250 550
C 01-02-2014 20000 20000 2400 15000 1250 550 (Voluntary PF)
D 01-05-2014 18000 15000 1800 0 0 1800
TOTAL 64000 60000 7200 40000 3333 3267
Employee C is contributing 20000 voluntarily, but the employer's share is 15000. Employee D joined after 01.04.2014 and was not a member of PF earlier, so EPS was not deducted.
Thank you for your help in this matter.
From United States, Baton Rouge
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14Employee Details and Contributions
Emp D.O.J. Basic salary EPF Salary EPF (12%) EPS Salary EPS (8.33%) Diff EPF-EPS
A 01-12-2013 10000 10000 1200 10000 833 367
B 01-01-2014 16000 15000 1800 15000 1250 550
C 01-02-2014 20000 20000 2400 15000 1250 550 (Voluntary PF)
D 01-05-2014 18000 15000 1800 0 0 1800
TOTAL 64000 60000 7200 40000 3333 3267
Employee C is contributing 20000 voluntarily, but the employer's share is 15000. Employee D joined after 01.04.2014 and was not a member of PF earlier, so EPS was not deducted.
Thank you for your help in this matter.
From United States, Baton Rouge
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Summary of Data:
Emp D.O.J. Basic Salary EPF Salary EPF (12%) EPS Salary EPS (8.33%) Diff EPF-EPS
A 01-12-2013 10000 10000 1200 10000 833 367
B 01-01-2014 16000 15000 1800 15000 1250 550
C 01-02-2014 20000 20000 2400 15000 1250 550 Voluntary PF
D 01-05-2014 18000 15000 1800 0 0 1800
TOTAL 64000 60000 7200 40000 3333 3267
Please let me know if you need any further assistance or clarification.
From United States, Baton Rouge
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Emp D.O.J. Basic Salary EPF Salary EPF (12%) EPS Salary EPS (8.33%) Diff EPF-EPS
A 01-12-2013 10000 10000 1200 10000 833 367
B 01-01-2014 16000 15000 1800 15000 1250 550
C 01-02-2014 20000 20000 2400 15000 1250 550 Voluntary PF
D 01-05-2014 18000 15000 1800 0 0 1800
TOTAL 64000 60000 7200 40000 3333 3267
Please let me know if you need any further assistance or clarification.
From United States, Baton Rouge
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Dear,
The admin charges for EPF have been revised to 0.85%. The calculation would be like this...
EPF Admin (A/c 2): 0.85% of (basic + DA) EDLI: 0.5% of (basic + DA) EDLI Admin (A/c 22): 0.01% of (basic + DA).
In case of no employees or few employees in your organization, then some minimum admin charges should be met.
In case of No Employees: minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22 In case of Others: 0.85% or Rs. 500, whichever is higher in A/c 2, and 0.01% or Rs. 200, whichever is higher in A/c 22.
From India, Delhi
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The admin charges for EPF have been revised to 0.85%. The calculation would be like this...
EPF Admin (A/c 2): 0.85% of (basic + DA) EDLI: 0.5% of (basic + DA) EDLI Admin (A/c 22): 0.01% of (basic + DA).
In case of no employees or few employees in your organization, then some minimum admin charges should be met.
In case of No Employees: minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22 In case of Others: 0.85% or Rs. 500, whichever is higher in A/c 2, and 0.01% or Rs. 200, whichever is higher in A/c 22.
From India, Delhi
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Epfo-circular-2 2-mar-2017-pf-e dli-admin-charg es-reduced-waiv ed-wef-1-apr-20 17.pdf
EPF,EPS,EDLI.pp t