Should We Calculate EDLI Admin Charges (PF Related) On Total EDLI Wages Of The Company Or On The Individual Contribution Of The Member ?

Pritam1111
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
Labour Law Index
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.
Pritam1111
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%) ?
Labour Law Index
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.
Pritam1111
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
Glidor
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.
Pritam1111
But Sir, What about EDLI Adminitrative Charges & EPF Adminitrative Charges ?
Archit Kulkarni
EDLI Admin. Charges are calculated on total EDLI wages, subject to a minimum payment of Rs. 200/- per month.
Pratap.K
EDLI and EDLI admn. shall be calculated on total EDLI wages and not on individual salaries. In PF version-2, EDLI 0.5% is calculated by the system itself.
Srinath Sai Ram
A/C NO2 @0.85# Minimum Rs500/- or Which ever is Higher on EPF Wages
A/C #22 @0.01% Minimum Rs200/- or Which ever is Higher on EDLI Wages & Non EPS Members Wages Subject to a Maximum of Rs15,000/- Per Employee
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