Can anybody guide me on how the calculation is done for those who are registered under the Pradhan Mantri Rozgar Protsahan Yojana on the 3rd Party Payroll? Does the principal employee need to contribute 3.67% of the employee's share, and the rest will be contributed by the PM fund? If anyone has the calculation, kindly share.
From India, New Delhi
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2From India, New Delhi
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1) 8.67% in every industry, as well as 12% of employer share in value-added industry, is marked in the attachment.
2) Applicable to new joiners who were not earlier members of PF.
3) Salary/wages processing before the 10th of every month.
4) Remarks on the base year in the scheme are currently omitted.
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2) Applicable to new joiners who were not earlier members of PF.
3) Salary/wages processing before the 10th of every month.
4) Remarks on the base year in the scheme are currently omitted.
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Step by step process already mentioned on pmrpy.gov.in website.
From India, Mumbai
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PF AMENDMENT (PMRPY) 24.04.18 Benefit upto 12%.pdf