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 are employed.
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 Financial
Any Establishment which has at the end of any financial year
accumulated losses equal to or exceeding its entire net
Any Establishment engaged in manufacturing of (a) Jute , (b)
Beedi , (c) Brick , (d) Coir (other than spinning sector),
(e) Guar Gum Industries/Factories.
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
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 ).