The contribution paid by the employer is ___ of basic wages plus dearness allowance plus retaining allowance.

No worries! We‘ve got your back. Try BYJU‘S free classes today!

12%(in case of more than 20 employees ) 10% (in case of less than 20 employees)

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

11%

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C 12%(in case of more than 20 employees ) 10% (in case of less than 20 employees)
The contribution paid by the employer is 12%(in case of more than 20 employees) 10% (in case of less than 20 employees) of basic wages plus dearness allowance plus retaining allowance, according to the EPFO rules. The contribution of both employer and employee is limited to 10% only.

Suggest Corrections

Similar questions

Wages (in ₹ )	:	50	60	70	80	90	100	110	120
(Equal to more than) Number of employees	:	65	57	47	31	17	7	2	0

Which of the following is a final and intermediate expenditure?

(a) Purchase of furniture by an office firm

(b) Expenditure on the uniforms of the staff of the hospital

(d) Expenditure on the improvement of machinery in a factory

Calculate wages and salaries from the following data:

$G D P_{m p}$ = 4200

Depreciation = 150

NIT = - 40

Rent royalty interest = 1650

Profits = 300

Employers contribution to social security scheme = 50

Employees contribution to social security scheme = 250

Dearness allowance = 140

Mixed income = 2000

6

Join BYJU'S Learning Program