The provident fund contribution was fixed at 10 per cent of salary with effect from 17th May 1989 and remained at 10% till 21 9.1997. The epf scheme was launched on 16.11.1995. what was the employer's contribution to Pension Fund from 16.11.1995 to 21.9.97? Please elaborate. regards, Kwatra
From India, Delhi
1From India, Delhi
Dear Kwatra,
The EPS scheme (not epf as you mentioned) was of course launched with effect from 16.11.1995.
The Employer Contribution is 8.33% since then.
Few more facts-
-The earlier Pension Scheme FPF was not a compulsory one
-In the earlier FPF Scheme contribution ratio was
1.16% Employer, 1.16% Employee, 1.16% Govt.
S.Sethupathy,
Erode
From India, Selam
The EPS scheme (not epf as you mentioned) was of course launched with effect from 16.11.1995.
The Employer Contribution is 8.33% since then.
Few more facts-
-The earlier Pension Scheme FPF was not a compulsory one
-In the earlier FPF Scheme contribution ratio was
1.16% Employer, 1.16% Employee, 1.16% Govt.
S.Sethupathy,
Erode
From India, Selam
Dear All concerned,
I may quote one more thing here. During the above-mentioned period, pay ceiling was Rs.5000 which has been later raised to Rs.6500. Therefore, the maximum EPS contribution was Rs.417 only in those days. For accuracy, please link the dates of amendments to pay ceiling.
From India, Pune
I may quote one more thing here. During the above-mentioned period, pay ceiling was Rs.5000 which has been later raised to Rs.6500. Therefore, the maximum EPS contribution was Rs.417 only in those days. For accuracy, please link the dates of amendments to pay ceiling.
From India, Pune
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