If Basic And Da Salary Is More Than 15000 Than How We Will Deduct Pf Amount
Advance Search Feature
Available Downloads - Page 1
Search Result For "If Basic And Da Salary Is More Than 15000 Than How We Will Deduct Pf Amount" - Page 1
It's amazing to see that the original query has been changed. The original query was: "How To Deduct Pf For Basic More Than 15000?" Now, the changed query is: "EDLI wages showing more than 15000\. How to go about it? Employees are willing to take PF benefits."In...
Dear All,If the wages are more, then for EDLI, the limit of 15,000 applies because the benefits are limited to 15,000\. One cannot contribute more than that because there are no benefits above that amount. However, if the wages are more than 15,000, then there i...
In the unified portal, while submitting the ECR, it is showing an error as two of my employees' EDLI wages are showing more than 15000\. How should I proceed? The employees are eager to avail of PF benefits.
Dear Raghavant,Please note that EPS present wage ceiling is Rs15,000/-. Can an employee voluntarily contribute to EPS beyond the ceiling of Rs15,000/-? Please clarify. Employer share of PF is diverted to EPS at 8.33% up to Rs15,000/-.
Dear All,If your Basic + DA is more than ₹15,000 per month, then your contribution will be 12% on your actual PF wages, i.e., Basic + DA. EDLI will be deducted on ₹15,000, which is mandatory, and you cannot contribute more than ₹15,000 in EDLI. The rest of the a...
If the employee and employer both agree to contribute above the prescribed ceiling of ₹15,000/-, then the employer can deduct 12% from basic + DA and contribute the equal amount from the employer's side. Along with EDLI and administrative charges, he can generat...
EDLI benefits are limited to Rs 15,000; hence, there is no point in contributing more to EDLI. That is why it is not being accepted. However, EPF and EPS can be voluntary contributions above Rs 15,000.
Dear Anamika,The maximum ceiling for EDLI is Rs. 15,000\. Consequently, for 2 employees, enter EDLI wages as Rs. 15,000 and upload ECR once again.
As per EPF Scheme the Act does not cover Excluded Employees and clause 2 (f) defines so“excluded employee” mean—(i) …....(ii) an employee whose pay at the time he is otherwise entitled to become a member of the Fund, exceeds Fifteen thousand rupees per month;He ...
A new employee joined our company earlier. In his previous company, his PF was deducted, and all PF money was withdrawn from his PF account as he was jobless for 6 months. Now in our company, he doesn't want PF deduction since his basic salary is more than Rs 15...