EDLI & Administrative Charges

This query is : Resolved 

14 September 2008

If a person has a basic pay of Rs.3000, DA Rs.300 & Other allowances & perquisites Rs.1700, can u explain me how to calculate EDLI & Administrative charges on PF & ESI? The current rates of PF is 12%, Employer's contribution to EDLI @ 0.5%, Admin. Charges @ 1.10% of emoluments towards PF & Admin. Charges @ 0.01% towards EDLI.

CA Nallathambi Srinivasan (Expert)
15 September 2008

PF 12% on (3000 + 300) = 396
EDLI 0.5% (3000 + 300) = 17
Admin Charges 1.10% (3000 + 300) = 36
PF Admin Charges is subject to some minimum charges. (I will revert back soon for this)

For ESI there is no admin charges. Contribution to be deducted from the employee(@1.75%) and paid by the employer (4.75%) on entire salary. (i.e 3000+300+1700 = 5000) it is subject to ceiling of Rs.10000/-

Amar (Querist)
16 September 2008

So does the term "Employer's Contribution to PF" comprise all of employer's contribution, EDLI & Admin. Charges?

CA Nallathambi Srinivasan (Expert)
16 September 2008

yes it comprises all

You need to be the querist or approved CAclub expert to take part in this query .

Click here to login now

Similar Resolved Queries :

× Online Coaching My Enrolled Courses
Articles Forum News Experts Exams Share Files Income Tax Accounts Career Corporate Law Service Tax Video Judgements Rewards Top Members Events Albums Find Friends Featured Feed Scorecard Bookmarks Mock Test Poll Notification Knowledge Finder Coaching Institutes Trainee Corner Jobs
close x
Download GST App    |    x