30 January 2010
[PROVIDENT FUND RULES Employer Coverage:- *Establishments employing 20 or more employees *Cooperative societies Employing 50 or more employees & working without thtaid of power. *Any other establishment on voluntary basis. An establishment continues to be covered under the act, irrespective of the fall in employees’ strength. Rate of Contribution √ 12% of basic & DA, in case of 175 establishments. √ 10% in case of following:†√ Brick √ Beedi √ Jute √ Guar gum factories √ Coir industry other than spinning sector √ Declared sick units by BIFR A matching contribution from employees is also to be recovered.
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