An employee is drawing more than Rs.6500/- and he want to contribute 12% of his full salary and also get the 3.67% contribution of the employer share, but should limit the pension contribution (8.33%) on the ceiling amount(ie 6500)
How to enter the figure in the salary data entry. As per the help in the software
EE to be shown as N and EPS N in the Employee Master and full amount of contribution in VPF in the monthly salary data entry. But at the end the total of salary is generated and limited to to @6500/- I think this is an error and it should be the full amount of the salary of all employees full salary without limiting to @6500- Please let me know the correct practice.
gopalan
From United States, New York
How to enter the figure in the salary data entry. As per the help in the software
EE to be shown as N and EPS N in the Employee Master and full amount of contribution in VPF in the monthly salary data entry. But at the end the total of salary is generated and limited to to @6500/- I think this is an error and it should be the full amount of the salary of all employees full salary without limiting to @6500- Please let me know the correct practice.
gopalan
From United States, New York
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From India, Mumbai
From India, Mumbai
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EPF ON LINE REGN. USER MANUAL.pdf