WebRevised rate of EOBI contribution on minimum salary Rs. 13000/- w.e.f 1st July,2015. Employer's contribution Rs. 650/- Employee's contribution Rs. 130/- WebApr 13, 2024 · The IAP president during the meeting established a stance that due to varying rate of contribution (Rs 300 ; 700; 1200; 1500) collected from different parts of country and an evident deadlock of stakeholders and EOBI, the decisions of Lahore High court and Apex court must prevail and respected to maintain and ensure spirit of the law.
WebFeb 8, 2024 · The contribution rate for EOBI is as follows: Employers must make a contribution that is equal to 5% of the minimum wages; Employees must make a contribution that is equal to 1% of the minimum wages; All … WebJul 10, 2024 · Since then, employers have been paying a monthly contribution at different rates at their will, ranging from 6pc of Rs8,000 to 6pc of Rs13,000 per month and the … laundromat supply store
EOBI Pension Amount, Minimum wage, Benefit Types - Works pk
WebJul 14, 2024 · Additional resources. Before you can pay a worker, you must set up payroll information about the worker's position, taxes, and benefits. This information is used when you generate pay statements for the worker. In addition, if contribution and deduction amounts are changed on a benefit, that change must be made for each worker who is … WebApr 11, 2024 · EOBI Act social Insurance scheme is administered at Federal level, which is mandatory for all industry or commercial establishment with 5 or more employees and voluntary in other cases. ... The rate of contribution applicable is 6% i.e., 5% for employer and 1% for employee on the wages notified under the Minimum Wages for Unskilled … WebMay 3, 2024 · EOBI Contribution. Although currently the minimum salary is 15000 per month but due to some reason they are requesting employers to deduct 130 (1% of 13000 last minimum salary) from employee’s salary and 650 (5 % of 13000) contribution from employer itself. Age Entitled for Pension. laundromat sudbury ontario