Provident fund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 February 2013 Dear Expert

kindly advise me regarding provisions of PF act

1. Our establishment is already covered under pf act & now its paying pf to its employees but now employer wants pay Rs.7/- per employee as per the provision below

Employees' Provident Fund Scheme:

1.10% of total wages on which Provident Fund is recovered subject to a minimum of Rs. 5/- shall be payable by the employer every month . Prior to 1.8.98, w.e.f. 1.8.98 .65% of total wages
Employees' Pension Scheme Scheme:
No administrative charges are payable by the employer .The entire cost of administration is met by Central Government .
Employees' Deposit Linked Insurance Scheme:
0.01% of the total on which the Employees' Deposit Linked Insurance contributions recovered subject to a minimum of Rs. 2/- per month .
My queation are we eligiable to do so?
If then what is the procedure?

@VaibhavJ

@VaibhavJ (Expert)
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26 February 2013 Hi

can you provide me details at what rate you are contributing towards PF for both employer & employee contribution including admin part.

Thanks!!

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