Note:
Contributions for NPF and NSF should be calculated on the Basic Wage or Salary not exceeding the above maximum.
The Human Resource Development Levy (HRD Levy) is payable on the total basic wage bill of all insured persons without any ceiling.
The Employees’ and Employers’ share of NPF and NSF contribution should each be calculated and rounded to the nearest rupee separately.
Example
Salary: Rs 7170
NPS Contribution
Employee (3%): 215.10 = 215 (rounded to nearest rupee)
Employer (6%): 430.20 = 430
Total:→ → → 645
NSF Contribution
Employer (2.5%) 179.25 = 179
(rounded to nearest rupee)
Employee (1%) 71.70 = 72
Total:→ → → 251
Levy: (1.5%) 107.55 = 108 (rounded to nearest rupee)
(Not applicable to Private Household Employees)
