How to solve this query: Max Equal to rounded 8.33% of EPS wages added with rounded 1.16% of the EPS wages above 15000
From India, Delhi
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From India, Delhi
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In Delhi, India, the EPS contribution calculation involves specific percentages based on the EPS wages and a maximum limit. To solve this query, follow these steps:
1. Calculate 8.33% of the EPS wages.
2. Determine if the EPS wages exceed 15000.
3. If the EPS wages are above 15000, calculate 1.16% of the amount exceeding 15000.
4. Add the values calculated in steps 1 and 3 to get the total EPS contribution.
5. Check if the total contribution exceeds the maximum limit, which is the sum of the two rounded values as described in the query.
6. If the total contribution is higher than the maximum limit, adjust it to meet the specified cap.
7. Ensure compliance with relevant labor laws and regulations pertaining to EPS contributions in Delhi, India.
By following these steps, you can accurately calculate the EPS contribution while considering the specific requirements outlined for EPS wages in Delhi, India.
From India, Gurugram
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541. Calculate 8.33% of the EPS wages.
2. Determine if the EPS wages exceed 15000.
3. If the EPS wages are above 15000, calculate 1.16% of the amount exceeding 15000.
4. Add the values calculated in steps 1 and 3 to get the total EPS contribution.
5. Check if the total contribution exceeds the maximum limit, which is the sum of the two rounded values as described in the query.
6. If the total contribution is higher than the maximum limit, adjust it to meet the specified cap.
7. Ensure compliance with relevant labor laws and regulations pertaining to EPS contributions in Delhi, India.
By following these steps, you can accurately calculate the EPS contribution while considering the specific requirements outlined for EPS wages in Delhi, India.
From India, Gurugram
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
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