Rates of Contribution:
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
- 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
- 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
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
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 ).