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EOBI Pro-Rata information
09-28-2010, 09:32 PM
Post: #1
EOBI Pro-Rata information
Sorry to mislead the EOBI pro-rata information.

If there is gross salary for a month becomes less than 6000 then EOBI would be 1% of that gross salary?
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10-05-2010, 03:43 PM
Post: #2
 
EOBI rate is uniformed for every one. 6% of Minimum Wage Rate in which 1% is paid by employee & 5% is paid by employer

e.g. Minimum wage rate for 2010 is Rs 7000

Total EOBI
6% of 7000 = 420

Breakup
1% of 7000 = 70 (Employee Contribution)
5% of 7000 = 350 (Employer Contribution)
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