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EPF wages for calculation of 3.67% - what will happen to the excess amount deposited? - CiteHR

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mayank-agarwal
Please find attached the EPF calculation sheet. In the given sheet, I have shown EPF and EPS Diff remitted as Rs. 911 but as I read on internet it is to be calculated as 15000*3.67% i.e Rs. 550. My query is whether Rs. 911 is correct. Can the employer show EPF wages more than 15000 i.e. 18000.
If not, can we now revise ECR file to show EPF wages equal to 15000 and reduce the EPF and EPS Diff remitted to Rs. 550. And if yes, what will happen to the excess amount deposited.

From India, Noida
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File Type: jpg ecr.JPG (37.6 KB, 36 views)
Attached Files (Download Requires Membership)
File Type: xls ecr sheet.xls (26.5 KB, 141 views)

bijay_majumdar
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Sharing the circular about epf contribution in various situations.pls share your reply.
From India, Vadodara
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File Type: pdf ContributionRate.pdf (493.0 KB, 60 views)

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