Dear All, find the EPF Celing Limit of Rs.6500 - 15000 Gazette for your information...
From India, Chennai
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6From India, Chennai
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Will the contribution be calculated upto Rs 15000 or will be deducted on Rs. 6500? What will be the limit of pension fund? Regards Dinesh Kumar
From India, New Delhi
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From India, New Delhi
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Thank you for providing the gazette notification. Please guide us on how we will calculate the salary as shown in the example below:
Salary Breakdown Example
- Salary: $11,000/-
- HRA: $5,000/-
- Other Allowance: $3,000/-
- Conveyance: $800/-
Kindly advise on how we should deduct these amounts from the employee's salary.
Thanks & regards,
Vinod Kr. Sood
[Phone Number Removed For Privacy Reasons]
From India, Ludhiana
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Salary Breakdown Example
- Salary: $11,000/-
- HRA: $5,000/-
- Other Allowance: $3,000/-
- Conveyance: $800/-
Kindly advise on how we should deduct these amounts from the employee's salary.
Thanks & regards,
Vinod Kr. Sood
[Phone Number Removed For Privacy Reasons]
From India, Ludhiana
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Earlier, employees who were enjoying the benefit of EPF should continue if their basic salary rose above Rs. 15,000 or less. In that case, compliance should be based on the actual basic salary or on Rs. 15,000. The administrative charges should remain the same as before. Instead of Rs. 6,500 (EPF/EDLI ceiling), Rs. 15,000 should be considered 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 (ceiling is Rs. 15,000), not more than Rs. 1,250 each.
A/C 21: 0.5% of EDLI salary (ceiling is Rs. 15,000), not more than Rs. 75 each.
A/C 22: 0.01% of EDLI/EPS salary (ceiling should be Rs. 15,000), not less than Rs. 2.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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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 (ceiling is Rs. 15,000), not more than Rs. 1,250 each.
A/C 21: 0.5% of EDLI salary (ceiling is Rs. 15,000), not more than Rs. 75 each.
A/C 22: 0.01% of EDLI/EPS salary (ceiling should be Rs. 15,000), not less than Rs. 2.
Thanks & Regards,
Sumit Kumar Saxena
From India, Ghaziabad
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Sir, if workmen payment is more than 16500 per month then pf will deduct or not?
From India, New Delhi
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From India, New Delhi
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