Should we calculate EDLI Admin charges (PF related) on total EDLI Wages of the Company or on the individual contribution of the member ?
For Example: Total EDLI Wages of 5 Members 41,951/-
if we calculate on total wages Charges will 0.01% = 4/-
But if we calculate on individual wages
15,000 = 2
15,000 = 2
5,661 = 1
6,290 = 1
41,951 = 6
It will be Rs 6/-
from first method we get Rs 4/- & in Second method we get Rs 6/-. Which one is Correct ? Please anybody help
From India, Udupi
2For Example: Total EDLI Wages of 5 Members 41,951/-
if we calculate on total wages Charges will 0.01% = 4/-
But if we calculate on individual wages
15,000 = 2
15,000 = 2
5,661 = 1
6,290 = 1
41,951 = 6
It will be Rs 6/-
from first method we get Rs 4/- & in Second method we get Rs 6/-. Which one is Correct ? Please anybody help
From India, Udupi
EDLI and total PF is an individual basis charge. So calculation on company basis will be faulty. Also your contribution is entered by the department on individual basis. Thus they may send you demand for the difference.
From India, Kolkata
From India, Kolkata
Yes i know EDLI (0.5%) and PF(12%) Contribution must on individual basis. But what about EPF Admin Charges (0.85%) & EDLI Admin Charges (0.01%) ?
From India, Udupi
From India, Udupi
That’s what is said, department manages each employee record separately, for that it makes those charges. So the payment is made on employee basis.
From India, Kolkata
From India, Kolkata
EPF ADMINISTRATIVE CHARGES PAYABLE BY THE EMPLOYERS OF UN-EXEMPTED
01.01.2015 onwards 0.85% On total pay on which contributions are payable. Minimum Administrative charges payable per month per establishment is Rs. 500/-.
EPF INSPECTION CHARGES PAYABLE BY THE EMPLOYERS OF EXEMPTED ESTABLISHMENTS
On total pay on which contributions are payable
From India, Udupi
01.01.2015 onwards 0.85% On total pay on which contributions are payable. Minimum Administrative charges payable per month per establishment is Rs. 500/-.
EPF INSPECTION CHARGES PAYABLE BY THE EMPLOYERS OF EXEMPTED ESTABLISHMENTS
On total pay on which contributions are payable
From India, Udupi
EDLI is now calculated by the department itself, employer has to enterin ECR just gross wages, EPF wages , EPS wages, EDLI Wages ( EDLI wages are equal to EPF wages) and their contributions for EE share, EPS share , difference, NCP days
balance EDLI charges are now calculated by department itself at the the time of challan generation.
balance EDLI charges are now calculated by department itself at the the time of challan generation.
EDLI Admin. Charges are calculated on total EDLI wages, subject to a minimum payment of Rs. 200/- per month.
From India, Pune
From India, Pune
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Epfo-circular-2 2-mar-2017-pf-e dli-admin-charg es-reduced-waiv ed-wef-1-apr-20 17.pdf
Job Description - HR & Admin.doc