Dear friends,
I was away from CiteHR for the last two days. Hence I am unable to notice the above discussions.
If salary is above ceiling limit, the employer will have two options to contibute to EPF.
1. To contribute on ceiling salary. Then contribution for one month will be 15000x12% = 1800/- and for 18 days (out of 31),it is 1800x18/31 = 1045.
2. To contribute on actual salary with the consent of the employee. Then contribution for one month is 22000x12% = 2640/- and for 18 days (out of 31),it is 2640x18/31 = 1533.
But the initial query is very specific on contribution on ceiling salary. Then why there is room for confusion.
Abbas.P.S
I was away from CiteHR for the last two days. Hence I am unable to notice the above discussions.
If salary is above ceiling limit, the employer will have two options to contibute to EPF.
1. To contribute on ceiling salary. Then contribution for one month will be 15000x12% = 1800/- and for 18 days (out of 31),it is 1800x18/31 = 1045.
2. To contribute on actual salary with the consent of the employee. Then contribution for one month is 22000x12% = 2640/- and for 18 days (out of 31),it is 2640x18/31 = 1533.
But the initial query is very specific on contribution on ceiling salary. Then why there is room for confusion.
Abbas.P.S