How much one can contribute? One can contribute generally @ 12% of one's emoluments.

However if one is employed in brick, beedi, jute, guar gum factories and coir industry other than spinning sector the rate of contribution is 10%. [Emoluments include basic wages, dearness allowance, cash value of food concession and retaining allowances, if any.]

Though this is the statutory limit, one can contribute more than this rate also. The percentages of 12% and 10% of the emoluments are subject to a ceiling of Rs 6500/-.

That is, if the emoluments per month is upto Rs 6500/-, the contribution will be 12 or 10% of that amount. If the emoluments are more than Rs 6500/-, then the contribution amount will be restricted 12 or 10% of Rs 6500/-.

The Employer also will contribute at an equal rate of 12% or 10% as the case may be. This contribution is also subject to the ceiling or Rs 6500/- as explained.

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