Epf Contribution Rate 2019 20 Notification

Settlement of death claims on priority basis in events of industrial accidents etc. For 2019 20 the interest rate is 8 50 which is reduced from the earlier 8 65 per cent. Edli 3 39 som 2020 246 dated 17 07 2020 243 8kb 40.

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A 31011 1 2020 exam 14 dated 20 07 2020 256 5kb 41.

Epf contribution rate 2019 20 notification. Mole goi notification dt. 121 e dated the 15th february 2019 as. With this 172 categories of industries establishments out of 177 categories notified were to pay provident fund contribution 10 w e f. 3 8 33 of employer s share in eps i e.

22 09 1997 onwards 10 enhanced rate 12 a establishment paying contribution 8 33 to. Info notification on epf kiosk operating hours at branches and third parties 28 oct info maintenance to epf online services on 31 october 2020 saturday. 423 e whereas a draft containing certain rules further to amend the employees state insurance central rules 1950 were published in the gazette of india extraordinary part ii section 3 sub section i vide number g s r. 2 3 67 of employer s share in epf of 20000 inr 734.

12 of 20000 inr 2 400. Revised esi contribution rates employer 3 25 employee 0 75. So below is the breakup of epf contribution of a salaried person will look like. Epf is a retirement benefits scheme under the employees provident fund and miscellaneous act 1952 where an employee has to pay a certain contribution towards the scheme and an equal contribution is paid by the employer as well on a month on month basis.

1 12 of employees share in epf i e. The epfo has decided to provide 8 5 per cent interest rate on epf deposits for 2019 20 in the central board of trustees cbt meeting held today states gangwar. The existing rate of contribution by both employee and employer is 12. 8 33 of 20000 inr 1 666 employer s epf contribution is epf eps.

The move which comes days after finance minister nirmala sitharaman announced the reduction in pf rates for three. Monthly contribution rate third schedule the latest contribution rate for employees and employers effective january 2019 salary wage can be referred in thethird schedule epf act 1991 employers are required to remit epf contributions based on this schedule. Notification dated 9th april 1997 was issued enhancing provident fund contribution rate from 8 33 to 10. Labour ministry has notified lower rates of provident fund pf contribution at 10 thus increasing the take home salary of 4 3 crore provident fund subscribers and giving relief to 6 5 lakh establishments.

Epf interest rate 2019 20 how to calculate interest on epf. Notification regarding employees provident fund assistant section officer probationers examination scheme 2020 ho no.