Why Is Employee Contribution Important?
How much does employer contribute to Employees Provident Fund?
Employee’s Provident Fund (EPF) – 3.67% Contribution by an employee – Contribution towards EPF is deducted from employee’s salary. This is 12% of the basic salary of the employee. We all know that, if Basic+DA is less than Rs.15000, then both the employer and employee contribution will be the same.
Can an employer contribute different amounts towards…?
So, the objective classification can’t relate to a medical condition or to any protected class (e.g., race, religion, sexual orientation, gender, etc.) We have seen some employers define a class as executives vs. non-executives; front office vs. warehouse employees; salary vs. hourly employees, etc.
How much does the employer have to contribute to the EPF?
Contribution by an employer -The contribution made by the employer is 12% of the basic salary of the employee. However, this 12% is further subdivided into: Employee Pension Scheme (EPS) – 8.33% Employee’s Provident Fund (EPF) – 3.67%
