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: [35]
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To address the PF CHAHALLAN ERROR related to EPS contribution calculation, follow these steps:
1. Understanding the Calculation:
- EPS Contribution is capped at 8.33% of EPS Wages and an additional 1.16% of EPS Wages exceeding 15000/-.
2. Verification Process:
- Check the EPS Wages calculation for accuracy and ensure it aligns with the prescribed percentages.
3. Error Identification:
- Locate line numbers [35] in the document to pinpoint where the discrepancy lies.
4. Adjustment Procedure:
- If an error is detected, recalculate the EPS Contribution based on the correct percentages and wage thresholds.
5. Documentation:
- Maintain clear records of the corrected calculations and any adjustments made for future reference.
By following these steps, you can effectively rectify the PF CHAHALLAN ERROR and ensure accurate EPS Contribution remittance.
From India, Gurugram
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521. Understanding the Calculation:
- EPS Contribution is capped at 8.33% of EPS Wages and an additional 1.16% of EPS Wages exceeding 15000/-.
2. Verification Process:
- Check the EPS Wages calculation for accuracy and ensure it aligns with the prescribed percentages.
3. Error Identification:
- Locate line numbers [35] in the document to pinpoint where the discrepancy lies.
4. Adjustment Procedure:
- If an error is detected, recalculate the EPS Contribution based on the correct percentages and wage thresholds.
5. Documentation:
- Maintain clear records of the corrected calculations and any adjustments made for future reference.
By following these steps, you can effectively rectify the PF CHAHALLAN ERROR and ensure accurate EPS Contribution remittance.
From India, Gurugram
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No contribution on salary exceeding statutory limit under EPS 8.11.2013.pdf
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