Dear sir, The ceiling increase is not notified so far. P K Sharma
From India, Delhi
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170From India, Delhi
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Dear All,
Since the range has been increased from Rs. 6,500 to Rs. 15,000, can you please confirm if the below calculations are correct?
Basic + DA = Rs. 10,000, cut off amount as per PF office Rs. 15,000. Employee deduction at 12% on Basic + DA = Rs. 1200. Employer Contribution is 8.33% of Rs. 10,000, i.e., Rs. 833 to EPS and 3.67% of Rs. 10,000, i.e., Rs. 367 to EPF.
Or is it 8.33% of Rs. 15,000, i.e., Rs. 1250 to EPS and 3.67% of Rs. 15,000, i.e., Rs. 550 to EPF?
Similarly, whether EDLI (by Employer) EDLI at 0.5%, Admin charges at 1.1%, and EDLI Admin charges at 0.01% to be calculated on Rs. 10,000 (Basic + D.A) or on the cut-off range of Rs. 15,000?
Thank you.
From India, Mumbai
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Since the range has been increased from Rs. 6,500 to Rs. 15,000, can you please confirm if the below calculations are correct?
Basic + DA = Rs. 10,000, cut off amount as per PF office Rs. 15,000. Employee deduction at 12% on Basic + DA = Rs. 1200. Employer Contribution is 8.33% of Rs. 10,000, i.e., Rs. 833 to EPS and 3.67% of Rs. 10,000, i.e., Rs. 367 to EPF.
Or is it 8.33% of Rs. 15,000, i.e., Rs. 1250 to EPS and 3.67% of Rs. 15,000, i.e., Rs. 550 to EPF?
Similarly, whether EDLI (by Employer) EDLI at 0.5%, Admin charges at 1.1%, and EDLI Admin charges at 0.01% to be calculated on Rs. 10,000 (Basic + D.A) or on the cut-off range of Rs. 15,000?
Thank you.
From India, Mumbai
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls