PFRDA

How much basic salary will be contributed to the Employee Provident Fund (EPF) & family pension fund?

Public Comments

1. I know that 12.5% of basic for Employee provident fund. The other thing that i don't know
2. Total 12% contributed by the employer amounts to 8.33% in EPF and 3.67% in family pension fund
3. Statutory rate of contribution is 12% of emoluments (basic wages, dearness allowance, cash value of food concession and retaining allowances if any,) in the case of 175 establishments. Rate of contribution shall be 10% in the case of the following: Brick, beedi, jute, guar gum factories, coir industry other than spinning sector. Establishments declared as sick undertakings by BIFR. A matching contribution is to be collected from the emoluments of the employees. Out of 12% (or 10% as the case may be) of the employer’s share of contribution, 8.33% is to be remitted towards pension fund. Employer is also required to pay a contribution of 0.5% of the emoluments towards EDLIS’1976. Administrative Charges: An employer is required to pay administrative charges at 1.10% of emoluments towards provident fund charges and 0.01% towards EDLI Scheme 1976. No separate administrative charges for pension scheme Inspection Charges: In respect of exempted establishment under P.F. Scheme employer is liable to pay only inspection charges at the rate of 0.18% of emoluments. In the case of establishment exempted from EDLI Scheme, the employer is required to pay only inspection charges at the rate of 0.005% of emoluments. FOR MORE VISIT :-http://epfindia.nic.in/for_employers.htm