Here, we are going to share EPF Contribution Rate 2023 PDF with you, which you can download for free using direct download link given below in this same post.
Most employees in India have access to the Employee Provident Fund (EPF), a retirement savings scheme, for which both the employee and the employer contribute 12% of the employee’s basic salary and dearness allowance.
EPF Contribution Rate 2023 PDF
| PDF Name | EPF Contribution Rate 2023 PDF |
| Language | Hindi and English |
| No. of Pages | 3 |
| PDF Size | 0.50 MB |
| Category | General |
| Quality | Excellent |
EPF Contribution Rate 2023 PDF Summary
Yet, for organizations with less than 20 personnel, the contribution rate is diminished to 10%. It is noteworthy that this contribution rate is subject to alteration as per the policies and regulations of the government.
- For organizations with 20 or more employees, the contribution rate is 12% of the employee’s basic salary and dearness allowance. This rate is applicable to both the employer and the employee.
- For organizations with less than 20 employees, the contribution rate is reduced to 10% of the employee’s basic salary and dearness allowance. Again, this rate is applicable to both the employer and the employee.
- For employees earning less than Rs. 15,000 per month, the employer is required to contribute a minimum of 10% of the employee’s basic salary and dearness allowance. The employee is also required to contribute an equal amount.
- For employees earning a monthly salary of more than Rs. 15,000, the employer and the employee can choose to contribute more than the mandatory
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