6 Answers
The rates are revised from time to time. Currently, the employee's contribution rate (w.e.f. 1.1.97) is1.75% of the wages and that of employer's is 4.75% of the wages paid/payable in respect of the employees in every wage period.
Currently, the employee's contribution rate (w.e.f. 1.1.97) is1.75% of the wages and that of employer's is 4.75% of the wages paid
The rates are revised from time to time. Currently, the employee's contribution rate (w.e.f. 1.1.97) is1.75% of the wages and that of employer's is 4.75% of the wages paid/payable in respect of the employees in every wage period.
Employees complete 12% goes to PF account while employer contributions' 8.33% goes to Pension Fund and 3.67% goes to PF Fund. Employee State Insurance Corporation(ESIC) is deducted on gross salary which is 1.75% from the employee contribution & 4.75% from the employer contribution.
Currently, the employee’s contribution rate (w.e.f. 1.1.97) is1.75% of the wages and that of employer’s is 4.75% of the wages paid