Respected seniors,
I have one query regarding deduction of Admin (1.1%), EDLI (0.5%) and EDLI (0.01%) Admin charges.
Please let me know on which amount these respected charges will be calculated
Emp D.O.J. Basic salary EPF Salary EPF (12%) EPS Salary EPS (8.33%) Diff EPF-EPS
A 01-12-2013 10000 10000 1200 10000 833 367
B 01-01-2014 16000 15000 1800 15000 1250 550
C 01-02-2014 20000 20000 2400 15000 1250 550 Voluntary PF
D 01-05-2014 18000 15000 1800 0 0 1800
TOTAL 64000 60000 7200 40000 3333 3267
Employee C is contributing on 20000 Voluntary but employer share is 15000
Employee D has joined after 01.04.2014 and was not member of PF earler so EPS was not deducted.
Thank you for your help in this matter
From United States, Baton Rouge
13I have one query regarding deduction of Admin (1.1%), EDLI (0.5%) and EDLI (0.01%) Admin charges.
Please let me know on which amount these respected charges will be calculated
Emp D.O.J. Basic salary EPF Salary EPF (12%) EPS Salary EPS (8.33%) Diff EPF-EPS
A 01-12-2013 10000 10000 1200 10000 833 367
B 01-01-2014 16000 15000 1800 15000 1250 550
C 01-02-2014 20000 20000 2400 15000 1250 550 Voluntary PF
D 01-05-2014 18000 15000 1800 0 0 1800
TOTAL 64000 60000 7200 40000 3333 3267
Employee C is contributing on 20000 Voluntary but employer share is 15000
Employee D has joined after 01.04.2014 and was not member of PF earler so EPS was not deducted.
Thank you for your help in this matter
From United States, Baton Rouge
Emp----D.O.J.-------Basic salary--EPF Salary---EPF (12%)--EPS Salary--EPS (8.33%)---Diff EPF-EPS
A-----01-12-2013-----10000-------10000-------------1200---------10000---------833-----------------367
B-----01-01-2014-----16000-------15000-------------1800---------15000---------1250---------------550
C-----01-02-2014-----20000-------20000-------------2400---------15000---------1250---------------550-----------Voluntary PF
D-----01-05-2014-----18000-------15000-------------1800-----------0----------------0-----------------1800
TOTAL------------------64000--------60000------------7200---------40000----------3333--------------3267
From United States, Baton Rouge
A-----01-12-2013-----10000-------10000-------------1200---------10000---------833-----------------367
B-----01-01-2014-----16000-------15000-------------1800---------15000---------1250---------------550
C-----01-02-2014-----20000-------20000-------------2400---------15000---------1250---------------550-----------Voluntary PF
D-----01-05-2014-----18000-------15000-------------1800-----------0----------------0-----------------1800
TOTAL------------------64000--------60000------------7200---------40000----------3333--------------3267
From United States, Baton Rouge
Dear,
The admin charges for EPF has been revrevised to 0.85%. The calculation would be like this...
EPF Admin(A/c 2): 0.85% of (basic+DA)
EDLI: 0.5% of (basic+DA)
EDLI Admin(A/c 22): 0.01% of (basic+DA).
In case of no employees or few employees in your organisation, then some mimimum admin charges should be met.
In case of No Employees:- minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22
In case of Others:- 0.85% or Rs. 500 which is higher in A/c 2 and 0.01% or Rs. 200 which is higher in A/c 22.
From India, Delhi
The admin charges for EPF has been revrevised to 0.85%. The calculation would be like this...
EPF Admin(A/c 2): 0.85% of (basic+DA)
EDLI: 0.5% of (basic+DA)
EDLI Admin(A/c 22): 0.01% of (basic+DA).
In case of no employees or few employees in your organisation, then some mimimum admin charges should be met.
In case of No Employees:- minimum Rs. 75 in A/c 2 and Rs. 25 in A/c 22
In case of Others:- 0.85% or Rs. 500 which is higher in A/c 2 and 0.01% or Rs. 200 which is higher in A/c 22.
From India, Delhi
Community 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.
Epfo-circular-2 2-mar-2017-pf-e dli-admin-charg es-reduced-waiv ed-wef-1-apr-20 17.pdf