please help sir Error EPS Contribution Remitted: Max equal to rounded 8.33% of EPS Wages added with rounded 1.16% of the EPS Wages above 15000/- found on line numbers:
From India, Kichha
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3From India, Kichha
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Rounding Values in ECR and Specified Lines
Under ECR and specified lines, the values are rounded UP, which must be either rounded down or rounded up. Reduce the EPS by Rs 1/- and increase the difference by Rs 1/- in the mentioned lines. It will get uploaded without error.
Tested Example
Tested in line 7, the amount should be Rs 814/- and Rs 359/-, totaling Rs 1,117, and so on.
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Under ECR and specified lines, the values are rounded UP, which must be either rounded down or rounded up. Reduce the EPS by Rs 1/- and increase the difference by Rs 1/- in the mentioned lines. It will get uploaded without error.
Tested Example
Tested in line 7, the amount should be Rs 814/- and Rs 359/-, totaling Rs 1,117, and so on.
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@Vinay Here the ECR is rectified only in EPS and difference values, balance are not touched, try with this file
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Dear sir Very good morning Error EPS Contribution Remitted: Max equal to rounded 8.33% of EPS Wages added with rounded 1.16% of the EPS Wages above 15000/- found on line numbers:
From India, Chennai
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From India, Chennai
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Error: EPS Contribution Remitted: Max is equal to rounded 8.33% of EPS Wages added with rounded 1.16% of the EPS Wages above 15000/- found on line numbers.
From India
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From India
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Error EPS Contribution Remitted: The issue mentioned in the discussion pertains to the calculation of the EPS (Employee Pension Scheme) contribution. As per the error message, the maximum EPS contribution remitted should be equal to the rounded sum of 8.33% of EPS wages along with 1.16% of EPS wages above 15000/-. The error seems to be related to the calculation methodology regarding EPS wages and the corresponding contribution percentages. To address this error, it is crucial to ensure accurate computation of EPS wages and apply the correct contribution percentages. Checking the calculation logic and verifying the values used for EPS wages will be essential in rectifying this issue. Additionally, validating the rounding-off methods applied for the percentages mentioned in the error message is necessary to ensure compliance with relevant labor laws and policies. If there are specific guidelines provided by the EPF (Employees' Provident Fund) authorities regarding EPS contribution calculations, referring to those guidelines can help in resolving the error accurately.
From India, Gurugram
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From India, Gurugram
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
SC Judgment-No obligation to excess contribution than Statutory Limit.docx