akhilesh dubey
183

Dear HR Fraternity, Jus Hav a look on attachment for detail of Employees' Provident Fund. Regards:- AKHILESH KUMAR DUBEY SAP-HR CONSULTANT
From India, Indore
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File Type: ppt EPFAct[1].ppt (33.5 KB, 612 views)

jayakumarraju.ym@rediffma
Dear Seniors,

Kindly verify the following details in PF :
1) The Administrative charges (A/c No.1 ) payable whether on Basic +DA
2) The Inspection Charge 0.01% to be restricted to Rs.6500/- or on Total BA+DA payable
3) EDLI Charges 0.5% whether to restricted to to Rs.6500/- or on Total BA+DA
CLARIFICATION ABOUT CONTRIBUTION

AFTER REVISION IN WAGE CELLING FROM Rs.5000 to Rs.6500 w.e.f. 1-6-2001 PER MONTH THE GOVERNMENT CONTINUE TO CONTRIBUTE 1.16% UPTO THE ACTUAL WAGE OF MAXIMUM Rs.6500 PER MONTH TOWARDS EMPLOYEES’ PENSION SCHEME. THE EMPLOYER’S SHARE IN THE PENSION SCHEME WILL BE Rs.541 w.e.f. 1-6-2001.

UNDER EMPLOYEES’ DEPOSIT-LINKED INSURANCE SCHEME THE CONTRIBUTION @ 0.50% IS REQUIRED TO BE PAID UPTO A MAXIMUM LIMIT OF Rs.6500. THE EMPLOYER WILL PAY ADMINISTRATIVE CHARGE @ 0.01% ON MAXIMUM LIMIT OF Rs.6500.

THE EMPLOYER ALSO WILL PAY ADMINISTRATIVE CHARGES @ 0.01% ON MAXIMUM LIMIT OF Rs.6500 WHEREAS AN EXEMPTED ESTABLISHMENT WILL PAY INSPECTION CHARGES @ 0.005% ON THE TOTAL WAGES PAID.

From India, New Delhi
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