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Provident Fund

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16 May 2011 What are the rates of contribution to PF, Pension scheme and EDLIS for employer and employee? Please explain the computations for the following three salaries (basic+d.a.): -

1) 4,000 p.m.
2) 8,000 p.m.
3)50,000 p.m.

17 May 2011 Contributions:

Statutory rate of contribution is 12% of emoluments (basic wages, dearness allowance, cash value of food concession and retaining allowances if any,) in the case of 175 establishments.
Rate of contribution shall be 10% in the case of the following:
Brick, beedi, jute, guar gum factories, coir industry other than spinning sector.
Establishments declared as sick undertakings by BIFR.
A matching contribution is to be collected from the emoluments of the employees.
Out of 12% (or 10% as the case may be) of the employer’s share of contribution, 8.33% is to be remitted towards pension fund.
Employer is also required to pay a contribution of 0.5% of the emoluments towards EDLIS’1976.


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