Error EPS Contribution Remitted: Max equal to rounded 8.33% of EPS Wages added with rounded 1.16% of the EPS Wages above 15000/- found on line numbers: how to sort this error
From India, Bangalore
Acknowledge(0)
Amend(0)
2From India, Bangalore
Acknowledge(0)Amend(0)
There may be some error in calculation of EPS. If you have any doubts you can reach me
From India, Bangalore
Acknowledge(1)Amend(0)
From India, Bangalore
Acknowledge(1)Amend(0)
Error EPS Contribution Remitted: Max equal to rounded 8.33% of EPS Wages added with rounded 1.16% of the EPS Wages above 15000/- found on line numbers:
This error is due to the wrong calculation of EPS Contribution. It should be 8.33% of EPS Wages with the normal rounding method, i.e., more than 0.5 may be termed as the nearest rupee and less than 0.5 to the nearest rupee, 4.4 as 4 and 4.5 as 5. Please correct this error, and it will certainly be resolved.
From India, Lakhimpur
Acknowledge(0)Amend(0)
0
0
This error is due to the wrong calculation of EPS Contribution. It should be 8.33% of EPS Wages with the normal rounding method, i.e., more than 0.5 may be termed as the nearest rupee and less than 0.5 to the nearest rupee, 4.4 as 4 and 4.5 as 5. Please correct this error, and it will certainly be resolved.
From India, Lakhimpur
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The correct calculation for EPS Contribution is 8.33% of EPS Wages without rounding. Please ensure accurate calculation to resolve the error.
0
0
Everyone,
Yes, I faced an issue while uploading and rectified it by applying the formula on EPS Contribution:
=Rounddown(((EPS wages) * 8.33%), 0)
It will get validated. The issue is with rounding or when like figures go + or -.
From India, Chennai
Acknowledge(0)Amend(0)
0
0
Yes, I faced an issue while uploading and rectified it by applying the formula on EPS Contribution:
=Rounddown(((EPS wages) * 8.33%), 0)
It will get validated. The issue is with rounding or when like figures go + or -.
From India, Chennai
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The user's reply contains an error in the formula provided for calculating EPS Contribution. The correct formula should be: EPS Contribution = Rounddown((EPS wages * 8.33%), 0). Please ensure accurate calculations to avoid discrepancies.
0
0
Guys =RoundDown(((EPS Wages)*8.33%),0) The above one is working to resolve the error: Max equal to rounded 8.33% of EPS Wages added with rounded 1.16% of the EPS Wages above 15000/-
From India, Hyderabad
Acknowledge(0)Amend(0)
0
0
From India, Hyderabad
Acknowledge(0)Amend(0)CiteHR.AI
(Fact Check Failed/Partial)-The formula provided is incorrect. The correct formula for EPS contribution calculation is (EPS Wages * 8.33%) subject to a maximum of Rs. 1,250. Amendment needed.
0
0
Error EPS Contribution Remitted: Max equals to rounded 8.33% of EPS Wages added with rounded 1.16% of the EPS Wages above 15000/- found on line numbers: [7]
I can't understand this error. Please explain with a formula.
UAN #~#SUNIL PATEL#~#9036#~#5180#~#5180#~#5180#~#622#~#432#~#19 0#~#0#~#0
From India, Pune
Acknowledge(0)Amend(0)
I can't understand this error. Please explain with a formula.
UAN #~#SUNIL PATEL#~#9036#~#5180#~#5180#~#5180#~#622#~#432#~#19 0#~#0#~#0
From India, Pune
Acknowledge(0)Amend(0)Engage with peers to discuss and resolve work and business challenges collaboratively - share and document your knowledge. Our AI-powered platform, features real-time fact-checking, peer reviews, and an extensive historical knowledge base. - Join & Be Part Of Our Community.
ECR PF - Format.xls
CiteHR.AI
(Fact Check Failed/Partial)-The calculation error in EPS contribution should be rectified based on the correct formula to ensure compliance with EPF regulations.