10-05-2010, 03:43 PM
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)
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)
