hi shankar your info is too gud & simple. its very useful to me. nw plz clear my above doubt.
From India, Coimbatore
10From India, Coimbatore
EDLI is Employee Deposit Linked Insurance
As i mentioned before employers share includes 12% + 1.61% of Admin charges. This admin charge which is always paid on actual basic is divided into 3 parts. 1.1% of 1.61% is for actual admin charges for EPF and is deposited is account 2, 0.5% of 1.61% is contribution for EDLI and is deposited in account 21, the remaining 0.01% of 1.61% is for admin charges for EDLI and is deposited in account 22
Appart from the above 3 accounts there are 2 more accounts
employer contribution of 3,67% + employee contribution of 12% towards EPF is deposited in account 1
employer contribution of 8.33% towards EPS is deposited in account 10
In the PF challan you have different space provided for all the above accounts you need to make the calculations as mentioned above and fill it into the form and submit the same to the specified SBI branch before 15th of every month failing to which you be liable to pay a fine of 32%/month of default
Hope this helped you all the best
From India, Bangalore
As i mentioned before employers share includes 12% + 1.61% of Admin charges. This admin charge which is always paid on actual basic is divided into 3 parts. 1.1% of 1.61% is for actual admin charges for EPF and is deposited is account 2, 0.5% of 1.61% is contribution for EDLI and is deposited in account 21, the remaining 0.01% of 1.61% is for admin charges for EDLI and is deposited in account 22
Appart from the above 3 accounts there are 2 more accounts
employer contribution of 3,67% + employee contribution of 12% towards EPF is deposited in account 1
employer contribution of 8.33% towards EPS is deposited in account 10
In the PF challan you have different space provided for all the above accounts you need to make the calculations as mentioned above and fill it into the form and submit the same to the specified SBI branch before 15th of every month failing to which you be liable to pay a fine of 32%/month of default
Hope this helped you all the best
From India, Bangalore
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HC All - Trainees not covered for PF -2010.pdf
PF Ledger.xls