a) 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.
1-06-2001). The 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