In unified portal while submitting the ECR it ia showing error as two of my employee EDLI wages showing more than 15000. How to go about it? Employees are willing to take pf benefits.
From India, Patna
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From India, Patna
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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 generate ECR.
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Dear Anamika, Maximum ceiling for EDLI is rs15,000/- Consequently for 2 Employees enter EDLI Wages as Rs15,000/- & upload ECR Onceagain
From India, New Delhi
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From India, New Delhi
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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 is one option. Count 12% on the entire wage, contribute the EDLI amount on 15,000, and the rest in PF. That is permissible.
Vibhakar Ramtirthkar,
, 9371001906
From India, Pune
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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 is one option. Count 12% on the entire wage, contribute the EDLI amount on 15,000, and the rest in PF. That is permissible.
Vibhakar Ramtirthkar,
From India, Pune
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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 such an environment, the replies will not match the query. Therefore, it is better to be a reader than replying to such misleading person's queries.
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In such an environment, the replies will not match the query. Therefore, it is better to be a reader than replying to such misleading person's queries.
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EDLI benefits are limited RS 15000/ ,hence no point in contributing more on EDLI, that is why it is not being accepted. However EPF & EPS can be volunteery above Rs 15000/
From India, Thane
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From India, Thane
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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/-.
From India, New Delhi
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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/-.
From India, New Delhi
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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 amount will be added to the Employer's contribution.
From India, Ankleshwar
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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 amount will be added to the Employer's contribution.
From India, Ankleshwar
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EPF-Circular-da ted-23-May-2011 -Splitting-of-M inimum-Wages-fo r-the-Purpose-o f-PF-Contributi on-Not.pdf
EPF,EPS,EDLI.pp t