Dear All Cite HR reader,
Please specify the payment calculation of EDLI and Admin charges for an exempted establishment. Ither it should calculate upon total wages or upon celling limit?
Kindly reply at the earliest.
Thanks & Regards
Debajit Roy
Officer HR
From India, Mumbai
17Please specify the payment calculation of EDLI and Admin charges for an exempted establishment. Ither it should calculate upon total wages or upon celling limit?
Kindly reply at the earliest.
Thanks & Regards
Debajit Roy
Officer HR
From India, Mumbai
EDLI for exempted establishment is 0.001% same for unexmpted one is 0.01%,however admin charge is same for exempted & unexempted one i.e-1.01%
From India, Delhi
From India, Delhi
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Epfo-circular-2 2-mar-2017-pf-e dli-admin-charg es-reduced-waiv ed-wef-1-apr-20 17.pdf
Interest rate cut to 8.55%, admin charges reduced to 0.5%.jpg