WebApr 20, 2024 · Member’s average salary is 15,000/- per month and average EPF account balance is 3,00,000/- (15,000 x 30)+1,50,000 = 6,00,000 Nominee or legal heirs of deceased person is/are eligible to receive maximum up to 6 Lakhs. Also it is provided that EDLI benefits shall not less than 2.5 Lakhs. WebFeb 26, 2024 · 1% goes towards contribution for EPF administration charges 01% goes towards contribution for EDLI administration charges Therefore, the employer contribution is 13.61%. The premium and management charges are borne by the employer and the maximum limit is set at 0.5% of Rs.15, 000. 7. What is Universal Account Number (UAN)?
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WebJul 28, 2015 · A/C No 22 : Admin Charges On EDLI : 0.01% Of Basic Wages + DA + Cash Value Of Food Concession. After Amendment. A/C No 2 🤣.85% Subject To Minimum … WebMar 3, 2016 · In a bid to incentivise activation of Universal (PF) Account Number (UAN), retirement fund body EPFO will refund up to 10 per cent of administrative charges paid by employers for providing KYC ... dc rainmaker smartwatch
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WebDec 23, 2007 · But like your company there are many exempted establishments who are paying PF contribution on actual basic + DA which is more than Rs 6500/-.However all these exempted establishments are paying EPS contributions on upto a salary of Rs 6500/-. The ceiling of salary for all statutory payments is Rs 6500/-. WebJul 24, 2024 · Monthly payable amount under EPF Administrative charges is rounded to the nearest rupee and a minimum of Rs 500/- is payable. Note:- If the establishment has no contributory member in the month, the minimum administrative charge will be Rs 75/- 1. The contributions are payable on maximum wage ceiling of Rs. 15000/- 2. WebMar 16, 2015 · EPFO (Employees Provident Fund Organisation) has cut the administrative fee it charges under the ambit of its social security schemes, effective from January 1st … dc rainmaker vivoactive 4