htacces takes me to localhost instead of removing index.php

[eluser]InsiteFX[/eluser]

Code:

php_value default_charset utf-8

Options FollowSymLinks
DirectoryIndex index.php

RewriteEngine On
RewriteBase /

RewriteCond %{REQUEST_FILENAME} !-f
RewriteCond %{REQUEST_FILENAME} !-d
RewriteRule ^(.*)$ index.php/$1 [L,QSA]

And make sure you place it in the directory with index.php