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CONTRIBUTION OF EMPLOYERS
Rates For ContributionA) The Employees' Provident Fund
Scheme
In respect of establishments employing 20 or more persons
and engaged in industry notified under Section 6 of Act (
other than the Establishments. declared as sick ) 12% of the
basic pay DA , Cash value of food concession and retaining
allowance , if any, subject to a maximum of Rs.6500/- per
month. Voluntary higher contributions are also acceptable at
the joint request of the member and the employer . However,
the rate of contribution is 10% in respect of the following
categories of establishments:
- Any establishment covered prior to 22.9.97 in which
less than 20 persons are employed.
- Any sick industrial company as defined in Clause(0)
of Sub-Section(1) of Section 3 of the sick industrial
companies ( special provisions ) Act 1985 and which has
been declared as such by the Board for Industrial and
Financial Reconstruction.
- Any Establishment which has at the end of any
financial year accumulated losses equal to or exceeding
its entire net worth.
- Any Establishment engaged in manufacturing of (a)
Jute , (b) Beedi , (c) Brick , (d) Coir (other than
spinning sector), (e) Guar Gum Industries/Factories.
B) The Employees' Pension Scheme
From and out of employer's share of Provident Fund
contributions 8.33% of the total wages limited to Rs. 6500/-
per month is segregated and credited to the Employees'
Pension Fund in A/C No. 10 ( w.e.f. 1-06-2001The Central
Government also would contribute at the rate of 1.1 / 6% of
total wages.
C) Employees' Deposit Linked Insurance Scheme:
No amount is recovered from employee's wages . Employer
should pay 0.5% of total wages subject to a ceiling of Rs.
6500/- per month ( w.e.f. 1-06-2001 ).
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