Epf Contribution Rate 2019 20 Notification

A series of legislative interventions were made in this direction including the employees provident funds miscellaneous provisions act 1952.

Epf contribution rate 2019 20 notification. Notification dated 9th april 1997 was issued enhancing provident fund contribution rate from 8 33 to 10. The move which comes days after finance minister nirmala sitharaman announced the reduction in pf rates for three. The existing rate of contribution by both employee and employer is 12. Settlement of death claims on priority basis in events of industrial accidents etc.

Revised esi contribution rates employer 3 25 employee 0 75. The increased ceiling limit notification of epf wages was released on 29 august 2014 and became effective from 1 september 2014. A 31011 1 2020 exam 14 dated 20 07 2020 256 5kb 41. Charity commissioner of maharashtra has extended due date for submitting trust accounts for the fy 2019 20.

With this 172 categories of industries establishments out of 177 categories notified were to pay provident fund contribution 10 w e f. 121 e dated the 15th february 2019 as. 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. Government notified reduced rate of epf contribution at 10 for may june july 2020.

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. 22 09 1997 onwards 10 enhanced rate 12 a establishment paying contribution 8 33 to. The 12 per cent rate is applicable for all units where the number of employees is more than 20. Edli 3 39 som 2020 246 dated 17 07 2020 243 8kb 40.

Since the reduced employees provident fund epf contribution amount was for three months till july from august. Mole goi notification dt. Notification regarding employees provident fund assistant section officer probationers examination scheme 2020 ho no. The central government after making aforesaid inquiry hereby makes the following amendments in the said notification number s o.

Download epfo circular on basic salary 15000 as per the above notification every employee whose monthly basic salary da is less than or equal to 15000 rs will become eligible for employee provident fund scheme. The 10 per cent applies to. The epf mp act 1952 was enacted by parliament and came into force with effect from 4th march 1952. 12 per cent and 10 per cent.

There are two rates of epf contribution.