What are the duties of the employers under the above-mentioned schemes ?
1. To deposit contributions under the above mentioned three schemes in any branch of State Bank of India for credit to respective accounts maintained with them within 15 days (with 5 days of grace) of the close of every month as below: a. PF contribution @ 15.67% (12% employees’ share + 3.67% out of employer’s share) of pay (Basic + DA) of the member under the EPF Scheme, 1952 along with administrative charges @ 1.10% of pay of all the members. b. Pension contribution @ 8.33% of pay (Basic + DA) of the member from and out of employer’s share of contribution subject to a maximum of his pay up to Rs. 6500/- under the EPS 1995. c. EDLI contributions @ 0.5% of pay (Basic + DA) of the member subject to a maximum of his pay of up to Rs. 6500/-/- under the EDLI Scheme, 1976 along with administrative charges @ 0.01% of pay of all the members. 2. To submit various returns as prescribed in the above mentioned schemes within the period stipulated therein i.e. within 25 days of close of every mont
