Employer insurance fund contributions are wage-based, subject to the wage ceiling, notified rates, actuarial review, and prescribed rounding. Employer contributions to the Deposit-Linked Insurance Fund are calculated on statutory wages, subject to the applicable wage ceiling. The contribution ... Summary
Employer insurance fund contributions are wage-based, subject to the wage ceiling, notified rates, actuarial review, and prescribed rounding.
Employer contributions to the Deposit-Linked Insurance Fund are calculated on statutory wages, subject to the applicable wage ceiling. The contribution rate is notified by the Central Government after consultation with the Central Board and with regard to the Insurance Fund's actuarial valuation. Contributions are rounded to the nearest rupee, with fractions of fifty paise or more rounded up and lower fractions ignored.
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