I)Provident Fund Subscripttion of Employee is 12% of salary
II)Provident Fund Contribution of Employer is 12 % of Salary
Employees Pension Scheme (EPS) is 6.33% of salary on a maximum salary of Rs 6500/- p.m.paid out
of employer's contribution and the balance amount goes to PF a/c of the employee.
III)Employees Deposit Linked Insurance (EDLI) is a compulsory insurance to be paid by the employer to insure life of the PF member for contingencies of life.Employee has nothing to do with payment for this.The rate may be 1.13% on Rs 6500/-p.m. salary.
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