Accounts
This query is : Resolved
29 January 2010
Dear sir
Please tell me PF rate & contribution details.
Regards
Ram
Please tell me PF rate & contribution details.
Regards
Ram
29 January 2010
PF- employer contribution 12 % of Basic pay and employee contribution-12% min.of basic pay
30 January 2010
[PROVIDENT FUND RULES
Employer Coverage:-
*Establishments employing 20 or more employees
*Cooperative societies Employing 50 or more employees & working without thtaid of power.
*Any other establishment on voluntary basis.
An establishment continues to be covered under the act, irrespective of the fall in employees’
strength.
Rate of Contribution
√ 12% of basic & DA, in case of 175 establishments.
√ 10% in case of following:â€
√ Brick
√ Beedi
√ Jute
√ Guar gum factories
√ Coir industry other than spinning sector
√ Declared sick units by BIFR
A matching contribution from employees is also to be recovered.
Employer Coverage:-
*Establishments employing 20 or more employees
*Cooperative societies Employing 50 or more employees & working without thtaid of power.
*Any other establishment on voluntary basis.
An establishment continues to be covered under the act, irrespective of the fall in employees’
strength.
Rate of Contribution
√ 12% of basic & DA, in case of 175 establishments.
√ 10% in case of following:â€
√ Brick
√ Beedi
√ Jute
√ Guar gum factories
√ Coir industry other than spinning sector
√ Declared sick units by BIFR
A matching contribution from employees is also to be recovered.
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