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Contribution |
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Presently, the Institution
does not receive any financial assistance from the Government for
carrying out its Operations. A contribution equal to 5% of minimum
wages has to be paid by the Employers of all the Industrial and
Commercial Organizations where EOB act is applicable. Contribution equal
to 1% of minimum wages by the employees of said Organizations. |
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RATES:
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1- Employer's Contribution @ 5 % of
the
worker's minimum wages |
Rs.
300/= Per Month |
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2-
Employee's Contribution @ 1 % of the
worker's minimum wages (i.e. Rs. 6000) |
Rs. 60/=
Per Month |
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Total Contribution per
Employee |
Rs. 360/= Per Month |
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SELF ASSESSMENT SCHEME: |
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PROCEDURE OF COLLECTION:
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