kumar_sravan2005
Doubt on calculation of "Total EDLI Contribution (ER Share A/C 21) "
Option : 1
Total EDLI Contribution (ER Share A/C 21) x Gross Wages
Option : 2
Total EDLI Contribution (ER Share A/C 21) x EDLI Wages
Please suggest us which option complies with EPF Act.
Regards,
Sravan

From India, Mumbai
skc_dyan@yahoo.in
DO NOT WORRY ABOUT THE EDLI CALCULATION, IT IS DONT THE WEB SITE. YOU HAVE TO CALCULATE ON ADMIN CHARGES A?C 2 & A/c 22 ONLY
From India, Bengaluru
vmhr@rediffmail.com
25

EDLI SHOULD BE CALCULATED ON THE TOTAL WAGES ON WHICH 12% IS CONTRIBUTED BY THE EMPLOYER. FOR EXG. SAY EPF CONTRIBUTION SALARY IS RS. 5,00,000/- LACS P.M., THEN EDLI WOULD BE @ 0.5% ON RS. 5,00,000/- WHICH IS EQUAL TO RS. 2,500/-P.M. hOWEVER TOTAL GROSS MAY BE MORE THAN RS.5,00,000/- ALSO.P.M.
V.MURALI

From India, Madipakkam
abbasiti
517

Dear Sravan,
EDLI contribution is on salary up to ceiling (at present ceiling salary is Rs. 15000). There is no need to contribute to beyond ceiling limit. Compensation is limited on ceiling salary.
Abbas.P.S

From India, Bangalore
Srinath Sai Ram
610

Maximum EDLI Wages presently can not exceed Rs15,000/- EDLI Contribution @0.50% on EDLI Wages
From India, New Delhi
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