Employees' Provident Funds and Miscellaneous Provisions Act,1952
Act No : 19
Section :
Contributions and matters which may be provided for in Schemes.
6. Contributions and matters which may be provided for in Schemes.-2*** The contribution which shall be paid by the employer to the Fund shall be 3*[eight and one-third per cent.] of the basic wages, 4*[dearness allowance and retaining allowance (if any)] for the time being payable to each of the employees 5*[(whether employed by him directly or by or through a contractor)], and the employees' contribution shall be equal to the contribution payable by the employer in respect of him and may, 3*[if any employee so desires, be an amount exceeding eight and one-third per cent. of his basic wages, dearness allowance and retaining allowance (if any), subject to the condition that the employer shall not be under an obligation to pay any contribution over and above his contribution payable under this section.] 6*[3*[Provided that in its application to any establishment or class of establishments which the Central Government, after making such inquiry as it deems fit, may, by notification in the Official Gazette specify, this section shall be subject to the modification that for the words "eight and one-third per cent.", at both the places where they occur, the words "ten per cent.". shall be substituted:] Provided further that] where the amount of any contribution payable under this Act involves a fraction of a rupee, the Scheme may provide for the rounding off of such fraction to the nearest rupee, half of a rupee or quarter of a rupee. 7*[Explanation 1].--For the purposes of this 8*[section], dearness allowance shall be deemed to include also the cash value of any food concession allowed to the employee. 9*[Explanation 2.--For the purposes of this 8*[section], "retaining allowance" means an allowance payable for the time being to an employee of any factory or other establishment during any period in which the establishment is not working, for retaining his services.] 10* * * * * --------------------------------------------------------------------- 1. Subs. by Act 99 of 1976, s. 20, for "and the Family Pension Scheme" (w.e.f. 1-8-1976). 2. The brackets and figure "(1)" omitted by Act 28 of 1963, s. 5 (w.e.f. 30-11-1963). 3. Subs. by Act 33 of 1988, s. 9 (w.e.f. 1-8-1988). 4. Subs. by Act 46 of 1960, s. 4, for "and the dearness allowance" (w.e.f. 31-12-1960). 5. Ins. by Act 28 of 1963, s. 5 (w.e.f. 30-11-1963). 6. Subs. by Act 48 of 1962, s. 2, for "Provided that" (w.e.f. 1-1-1963). 7. Original Explanation re-numbered as Explanation 1 by Act 46 of 1960, s. 4 (w.e.f. 31-12-1960). 8. Subs. by Act 28 of 1963, s. 5, for "sub-section" (w.e.f. 30-11- 1963). 9. Ins. by s.4, Act 46 of 1960, (w.e.f. 31-12-1960). 10. Sub-sections (2) and (3) omitted by Act 28 of 1963, s. 5 (w.e.f. 30-11-1963). Sub-section (3) was ins. by Act 37 of 1953, s. 5. 311
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