Can anyone advise on the difference between gross wages, EPF wages, EPS wages, and EDLI wages in an ECR file?
If I take employee gross wages as 25,000 per month, with Basic being 50% of the gross, i.e., 12,500, and the employee works full days for 31 days in a month, what do we take as EPF wages, EPS wages, and EDLI wages in the ECR file?
If the employee works for 25 days, what do we take as EPF wages, EPS wages, and EDLI wages in the ECR file?
From India, Hyderabad
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If I take employee gross wages as 25,000 per month, with Basic being 50% of the gross, i.e., 12,500, and the employee works full days for 31 days in a month, what do we take as EPF wages, EPS wages, and EDLI wages in the ECR file?
If the employee works for 25 days, what do we take as EPF wages, EPS wages, and EDLI wages in the ECR file?
From India, Hyderabad
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Dear Varun,
# Gross Wages: The gross wages means the total emoluments for the month
# EPF Wages: Wages on which the employer is supposed to remit the dues.
-Number No decimals allowed.
-EPF wages cannot be more than the Gross wages.
-The Exempted Establishments under EPF Scheme should also fill in the EPF Wages.
-‘0’ (zero) wages can be allowed only in case the employee did not earn any wage during the month.
-If the employer is restricting the dues on wage ceiling of 15000 and the employee is contributing on his full wages above 15000/-then 15000 should be shown as EPF wages.
In case the employer is paying his dues on above wage ceiling, that wage should be entered.
# EPS Wages: The present wage ceiling is 15000/-.
-Number No decimals allowed.
-EPS wages cannot be more than EPF wages.
-It can be less if the EPF wages are above 15000/-. In such case it should be 15000/-.
-It can be 0 if the member is not a member of EPS (due to age above superannuation, or a new member after 01.09.2014 with wages above wage ceiling).
# EDLI Wages: Cannot be more than 15000/-
-Number No decimals allowed.
-The EDLI wages should be equal to EPF wages but maximum 15000/-.
-It cannot be less than EPF wages if the EPF wages are less than 15000/-.
-It can be 0 if the establishment is exempted under EDLI, and in case the member is individually exempted.
## In your case: Basic Rs.12500/ (If full month working)
Employee Contribution: 12% of 12500 in A/C -1
Employer Contribution: 3.67% in A/C-1 & 8.33% in A/C -10 of 12500, 0.5% of 12500 in A/C-21, 0.65% of A/C-1 in A/C-2
If 25 days working then Gross salary divided by 26 or 30 or 31 days whatever applicable in your organization and percentage of contribution will be same for both i.e. employee and employer.
Regards,
Amit
From India, Surat
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144# Gross Wages: The gross wages means the total emoluments for the month
# EPF Wages: Wages on which the employer is supposed to remit the dues.
-Number No decimals allowed.
-EPF wages cannot be more than the Gross wages.
-The Exempted Establishments under EPF Scheme should also fill in the EPF Wages.
-‘0’ (zero) wages can be allowed only in case the employee did not earn any wage during the month.
-If the employer is restricting the dues on wage ceiling of 15000 and the employee is contributing on his full wages above 15000/-then 15000 should be shown as EPF wages.
In case the employer is paying his dues on above wage ceiling, that wage should be entered.
# EPS Wages: The present wage ceiling is 15000/-.
-Number No decimals allowed.
-EPS wages cannot be more than EPF wages.
-It can be less if the EPF wages are above 15000/-. In such case it should be 15000/-.
-It can be 0 if the member is not a member of EPS (due to age above superannuation, or a new member after 01.09.2014 with wages above wage ceiling).
# EDLI Wages: Cannot be more than 15000/-
-Number No decimals allowed.
-The EDLI wages should be equal to EPF wages but maximum 15000/-.
-It cannot be less than EPF wages if the EPF wages are less than 15000/-.
-It can be 0 if the establishment is exempted under EDLI, and in case the member is individually exempted.
## In your case: Basic Rs.12500/ (If full month working)
Employee Contribution: 12% of 12500 in A/C -1
Employer Contribution: 3.67% in A/C-1 & 8.33% in A/C -10 of 12500, 0.5% of 12500 in A/C-21, 0.65% of A/C-1 in A/C-2
If 25 days working then Gross salary divided by 26 or 30 or 31 days whatever applicable in your organization and percentage of contribution will be same for both i.e. employee and employer.
Regards,
Amit
From India, Surat
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