{"id":88,"date":"2019-11-18T05:04:56","date_gmt":"2019-11-18T05:04:56","guid":{"rendered":"https:\/\/www.normsmanagement.com\/blog\/?post_type=ufaq&#038;p=88"},"modified":"2024-12-23T10:45:17","modified_gmt":"2024-12-23T10:45:17","slug":"employees-provident-funds-mp-act-1952","status":"publish","type":"ufaq","link":"https:\/\/www.normsmanagement.com\/blog\/ufaqs\/employees-provident-funds-mp-act-1952\/","title":{"rendered":"EMPLOYEES\u2019 PROVIDENT FUNDS &#038;  MP ACT, 1952"},"content":{"rendered":"\n<p><strong>Applies:\u2002<\/strong>To every scheduled or notified establishment if the employment strength is 20 or more <\/p>\n\n\n\n<p>Wage ceiling\u2002for coverage of an employee Rs. 15,000\/- (w.e.f\n01-09-2014)<\/p>\n\n\n\n<p>An employee once covered will continue to be covered even if his\nwages later exceeds Rs. 15,000\/- But payment of contribution on the wages in\nexcess of Rs. 15,000\/- is optional.<\/p>\n\n\n\n<p><strong>Percentage of contribution:<\/strong><\/p>\n\n\n\n<p>Account Number <\/p>\n\n\n\n<p>&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; I&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; II&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; X&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; XXI<\/p>\n\n\n\n<p><strong>Employee\u00a0<\/strong>\u00a0\u00a0 :\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 12\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2013\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 \u2013\u00a0 \u2013<\/p>\n\n\n\n<p><strong>Employer <\/strong>\u00a0\u00a0 :\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 3.67\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.50\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 8.33\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0 0.50<\/p>\n\n\n\n<p><strong>Total<\/strong>\u00a0\u00a0\u00a0\u00a0\u00a0 :  25.00% <\/p>\n\n\n\n<p>Contribution on Basic + DA + Retaining Allowance<\/p>\n\n\n\n<p>Basic wages will include all allowances universally and generally paid except on HRA, OT, Bonus and Commission<\/p>\n\n\n\n<p><strong>Due date:<\/strong>\u200215th of every month.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Applies:\u2002To every scheduled or notified establishment if the employment strength is 20 or more Wage ceiling\u2002for coverage of an employee Rs. 15,000\/- (w.e.f 01-09-2014) An employee once covered will continue to be covered even if his wages later exceeds Rs. 15,000\/- But payment of contribution on the wages in excess of Rs. 15,000\/- is optional. [&hellip;]<\/p>\n","protected":false},"author":1,"comment_status":"open","ping_status":"closed","template":"","ufaq-category":[5],"ufaq-tag":[],"_links":{"self":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq\/88"}],"collection":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq"}],"about":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/types\/ufaq"}],"author":[{"embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/comments?post=88"}],"wp:attachment":[{"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/media?parent=88"}],"wp:term":[{"taxonomy":"ufaq-category","embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq-category?post=88"},{"taxonomy":"ufaq-tag","embeddable":true,"href":"https:\/\/www.normsmanagement.com\/blog\/wp-json\/wp\/v2\/ufaq-tag?post=88"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}