While filling ECR Challan through E return tool, I am facing an issue in terms of Pension amount.
Case:
Wage Month - June | Return Month - July
Employee A - DOJ(5/6/15) - Actual Basic(7000) - NCP(0) - EPF Wages(6066 for 26 days) - Pension(583 ; 8.33% of 7000)
Employee B - DOJ(17/6/15) - Actual Basic(7000) - NCP(2) - EPF Wage(2800) for 12 days) - Pension(233; 8.3% of 2800)
Employee A pension should be 8.33% of 6066 i.e. 505 but system is taking Actual Basic for pension calculation i.e. 583.
Is this right or i should change entry of pension manually in "Fields for entry of wages and contributions in DATA
ENTRY OF MONTHLY WAGE".
Please suggest the solution.
From India, Indore
Case:
Wage Month - June | Return Month - July
Employee A - DOJ(5/6/15) - Actual Basic(7000) - NCP(0) - EPF Wages(6066 for 26 days) - Pension(583 ; 8.33% of 7000)
Employee B - DOJ(17/6/15) - Actual Basic(7000) - NCP(2) - EPF Wage(2800) for 12 days) - Pension(233; 8.3% of 2800)
Employee A pension should be 8.33% of 6066 i.e. 505 but system is taking Actual Basic for pension calculation i.e. 583.
Is this right or i should change entry of pension manually in "Fields for entry of wages and contributions in DATA
ENTRY OF MONTHLY WAGE".
Please suggest the solution.
From India, Indore
517Community Support and Knowledge-base on business, career and organisational prospects and issues - Register and Log In to CiteHR and post your query, download formats and be part of a fostered community of professionals.
Pension doubling to 2000 also shelved.QBiz_ EPFO Shelves Plan to Double Minimum Pension & More -.pdf
EPFO - Higher Pension Option Form - Final.doc