Epf Contribution Rate 2018

6 5 ref contribution rate section c more than rm5 000. In case of non restricted contribution pf will be on actual contribution i e 12 of 15500 1860 which is the employee contribution. Effective from january 2018 the employees monthly statutory contribution rates will be reverted from the current 8 to the original 11 for employees below the age of 60.

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Employers are required to remit epf contributions based on this schedule.

Epf contribution rate 2018. Ref contribution rate section e rm5 000 and below. 500 edlis administrative charges a c 22 0. 3 67 employees pension scheme a c 10 0. The latest contribution rate for employees and employers effective january 2019 salary wage can be referred in the third schedule epf act 1991 click to download.

By contribution accounts administration accounts. 0 5 0 50. Eps contribution will be a maximum of 1250. The epf receives and manages retirement savings for all its members encompassing mandatory contributions by employees of the private and non pensionable public sectors as well as voluntary contributions by those in the informal sector.

Earlier this contribution was 0 85 than reduced to 0 65 and now from 01 06 2018 the edli charges are 0 5. 01 04 2017 10 rate is applicable for. Epf employee contribution rate has been revised from 11 to 7 from 1 april 2020 until 31 december 2020. The new rate will be effective for salaries from january 2018 onwards february 2018 epf contribution epf said in a statement today.

13 ref contribution rate section a applicable for ii and iii only employees share. 0 65 from 01 04 2017 previous 0 85 from jan 2015 or min rs. 12 ref contribution rate section a. Instead the statutory contribution rate for employee s share will revert to the original 11 for members below the age of 60 and 5 5 for those aged 60 and above.

0 50 epf administrative charges a c 2 0. 0 01 or min rs. Employer contribution employee provident fund a c 1 12. Employerdifference of ee share and pension contribution.

Employer contribution will be split as. Any extra contribution will go into epf. Employees deposit linked insurance a c 21 0. The main reason to reduce this amount from 0 85 to 0 50 is that of the online services provided by the epfo.

Epf edlieps employee12 10 0 0 0 0. Employer contribution will be split as. Employee contribution epf 12 15000 1800 employer contribution eps 8 33 15000 1250 difference 1800 1250 550 total employer 1800. Employers are required to ensure the right.