Administration Manual - B.E.S.T. Undertaking.

2. Provident Fund is deducted at the rate of 12% of his wages + DA
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and special allowance applicable (in case of A & B grade Officers).
3. Provident Fund is not deducted on payment of sick leave, casual
leave and privilege leave.
Non- Contributory Provident Fund:
Employee can become a member of NCPF anytime in the year, but for
alteration in the rate and discontinuation of membership can be done only
in the month of March. This deduction percentage is at the discretion of
the individual employee ( i.e. 4%, 8% , 10% or max.12% ). (Instruction
No. 23 - STK/1033/679/96 dated 8/7/96)
It is deducted on wages + DA + Special Allowance (if applicable).
Vide Instruction no. 29- STK/1033/447/93 dated 2/6/1993,
paysheets clerks have been advised not to initiate NCPF
refund bill separately in case of separated employees who
are NCPF members while initiating their final bill. However all
particulars of NCPF deduction should be shown on the PF
Refund bill. Also no deduction should be made on payment/
recovery adjustment of salary wages and allowances done on
final bill.
Pension Scheme 1995: This scheme has been implemented w.e.f.
16/11/1995. Under this scheme the employer will remit 8.33% of his
contribution to the Pension Fund & the remaining 1.67% share will be
remitted to the PF account of the respective employees. (General rules in