CA Parul Saxena (CA) (8488 Points)
06 February 2015My salary is Rs.30000 and my PF is deducted employer is supposed to pay 0.5% as EDLI Charges. Please tell me which of the following is correct as EDLI Charges:- 30000*0.5%=150 OR 15000*0.5%=75
avinash singh
(Student)
(122 Points)
Replied 06 February 2015
Pension Fund Limit is 15000/-
your salary is:-30000/-
EDLI charges is applicable on:-15000/-
EDLI charges is:-15000*0.5%=75 is correct..>>
CA Parul Saxena
(CA)
(8488 Points)
Replied 06 February 2015
But EDLI are Insurance charges and not the pension fund.
avinash singh
(Student)
(122 Points)
Replied 06 February 2015
as per my knowledge limit upto 15,000/-for EDLI/ADMIN/ETC.
CAclubindia
