1. Our establishment is already covered under pf act & now its paying pf to its employees but now employer wants pay Rs.7/- per employee as per the provision below
Employees' Provident Fund Scheme:
1.10% of total wages on which Provident Fund is recovered subject to a minimum of Rs. 5/- shall be payable by the employer every month . Prior to 1.8.98, w.e.f. 1.8.98 .65% of total wages Employees' Pension Scheme Scheme: No administrative charges are payable by the employer .The entire cost of administration is met by Central Government . Employees' Deposit Linked Insurance Scheme: 0.01% of the total on which the Employees' Deposit Linked Insurance contributions recovered subject to a minimum of Rs. 2/- per month . My queation are we eligiable to do so? If then what is the procedure?