EPF Contribution Between November, 1995 To September, 1997 - CiteHR
Legal, Training
+1 Other

Cite.Co is a repository of information created by your industry peers and experienced seniors sharing their experience and insights.
Join Us and help by adding your inputs. Contributions From Other Members Follow Below...
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
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.

Attached Files
Membership is required for download. Create An Account First
File Type: pdf EPS_Hand_Book_Part-I051117512119.pdf (774.7 KB, 331 views)

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.

This discussion thread is closed. If you want to continue this discussion or have a follow up question, please post it on the network.
Add the url of this thread if you want to cite this discussion.

About Us Advertise Contact Us
Privacy Policy Disclaimer Terms Of Service

All rights reserved @ 2020 Cite.Co™