What is the calculaton rules of deduction of coal mine fund and procedure of transfer of fund from epf to cmpf or cmpf to epf
From India, Pune
From India, Pune
Unlike the EPF, Coal Mines Provident Fund is an entirely different scheme. You may refer Coal Mines Provident fund and Miscellaneous provisions Act 1948 for further reference. Meanwhile I am giving below the deduction scheme of CMPF:
Employee’s share Employer’s share
Provident Fund 10.833% (Basic+DA) 10.833% (Basic+DA)
Pension Fund 1.167% (Basic+DA) 1.167% (Basic+DA)
Family Pension 2% (Basic+DA) Nil
One increment 3%* Nil
Administration Charges 3% (on shares of both employer and employee but only on PF and pension fund)
* One increment is figure decided as 3% of Basic salary at the time of joining the scheme and it becomes constant forever. The contribution of one increment goes into pension fund.
From India, Mumbai
3Employee’s share Employer’s share
Provident Fund 10.833% (Basic+DA) 10.833% (Basic+DA)
Pension Fund 1.167% (Basic+DA) 1.167% (Basic+DA)
Family Pension 2% (Basic+DA) Nil
One increment 3%* Nil
Administration Charges 3% (on shares of both employer and employee but only on PF and pension fund)
* One increment is figure decided as 3% of Basic salary at the time of joining the scheme and it becomes constant forever. The contribution of one increment goes into pension fund.
From India, Mumbai
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Mah Shop & Est (RECS) Rules 2018.pdf