How Much EOBI Deducted Per Month From Salary?


The Employees Old-Age Benefits Institution (EOBI) deducts a total of 6% from the employer on a monthly basis, according to EOBI Act, 5% payable from the employer, and 1% from the employee. The maximum EOBI contribution that can be deducted is Rs. 1500 per month.

 

How Much EOBI Deducted Per Month From Salary?
How Much EOBI Deducted Per Month From Salary?

 

The EOBI is a government agency that provides social security benefits to employees who work in semi Govt or private corporations, and national and international NGOs in Pakistan. 

 

Survivor Benefits and Disability:

If you are an employee in Pakistan, lawful you need to contribute to the EOBI. The employer will deduct the 5% contribution from your salary and pay it to the EOBI on behalf of you. You will also be required to pay the 1% EOBI contribution, which can be deducted from your salary or paid directly to the EOBI. 

 

The EOBI contribution is a tax-deductible expense. This means that you can claim the amount of the contribution as a deduction on your income tax return. 

 

The EOBI is a valuable social security program that provides much-needed benefits to employees in Pakistan. If you are an employee in Pakistan, you should make sure that you are contributing to the EOBI. 


EOBI Grant Calculation Formula

 

What is EOBI Contribution Payment Slip?

Under rule 3(9) of the Employees' Old-Age Benefits (Contribution) Rule 1976.

 

Identification

Employer's Registration No: FS3021

Sub Office Code: FS002

Employer's Name: Steel Mills 

Current Contributions

Contribution's Month(s): March-2023

No. of Insured Persons: 10 

Contributions

Employer's Contribution: Rs. 1250

Employee's Contribution: Rs. 250

Total Amount: Rs. 1500 

Depositor's Name & Signature:

Name: Sana Khan

Signature: 

Contribution Paid Through:

Cash (Not Acceptable)

Receipt Date: 

15th March 2023

Document No.:

123456 

Credit to:

EOBI Collection A/C. Bank Alfalah Branch Karachi (002) 

Authorized Signature:

Name: Mr. Ishaque

Designation: Manager, Finance 

 

EOBI Contribution Amount:

If you are an employee in Pakistan, you are required to contribute to the EOBI. Your employer will deduct the 5% contribution from your salary and pay it to the EOBI on your behalf. 

 

You will also be required to pay the 1% contribution, which can be deducted from your salary or paid directly to the EOBI. 

 

The EOBI contribution is a tax-deductible expense. This means that you can claim the amount of the contribution as a deduction on your income tax return. 

 

The EOBI is a valuable social security program that provides much-needed benefits to employees in Pakistan. If you are an employee in Pakistan, you should make sure that you are contributing to the EOBI. 


EOBI Pension Increase 2023

 

Details of EOBI Contribution Amount:

  1. The contribution amount is calculated on the employee's basic salary, excluding any allowances or overtime payments.
  2. The contribution amount is not subject to any income tax or other deductions.
  3. The contribution amount is payable on a monthly basis.
  4. The employer is responsible for deducting the contribution amount from the employee's salary and paying it to the EOBI.
  5. The employee is responsible for paying the 1% contribution, which can be deducted from their salary or paid directly to the EOBI. 

 

 

What is EOBI Contribution Time Period?

The Employees' Old-Age Benefits Institution (EOBI) contribution time period is 3 calendar months or 1 quarter. This means that your employer must deduct the EOBI contribution from your salary for 3 consecutive months, and then submit the contributions to the EOBI. 

 

The EOBI contribution time period is important because it ensures that employees have a continuous record of contributions. This is important for claiming EOBI benefits, such as old-age pensions, survivor benefits, and disability benefits. 

 

If your employer fails to deduct the EOBI contribution from your salary, you should contact the EOBI office in your area. You may also be able to file a complaint with the Labour Department. 

 

What is EOBI Contribution Time Period?

The contribution time period is calculated from the first day of the month to the last day of the month. 

 

For example, if you start a new job on January 1st, your employer will start deducting the EOBI contribution from your salary on January 1st. The contribution period for January will end on March 31st. 

 

The EOBI contribution time period is not affected by public holidays or weekends.

If you are absent from work for any reason, your employer is still required to deduct the EOBI contribution from your salary. 

 

If you are terminated from your job, your employer is required to pay the EOBI contribution for the entire contribution period, even if you have not worked for the entire period. 

 

What Are Minimum Wages For EOBI Contribution?

The current minimum wage for EOBI contributions in Pakistan is Rs. 6,000 per month. This means that if you earn less than Rs. 6,000 per month, you are not required to contribute to EOBI. 

 

However, if you earn more than Rs. 6,000 per month, your employer is required to deduct 6% of your salary, 5% from your employer, and 1% from you, and pay it to EOBI. The maximum amount that can be deducted is Rs. 276 per month.

 

The EOBI is a government agency that provides social security benefits to employees in Pakistan. The benefits include old-age pensions, survivor benefits, and disability benefits. 

 

If you are an employee in Pakistan, you should make sure that you are contributing to the EOBI. Even if you earn less than the minimum wage, you can still contribute to EOBI voluntarily. You can do this by paying the 6% contribution directly to EOBI. 


How To Get EOBI Personal Information

 

Limit of Minimum Wages for EOBI Contribution:

Minimum wages are set by the government and are reviewed on a regular basis.

Minimum wages are based on the cost of living in Pakistan.

Minimum wages are not subject to any income tax or other deductions.

Minimum wages are payable on a monthly basis. 

 

The employer is responsible for deducting the minimum wage from the employee's salary and paying it to EOBI. 

 

The employee is responsible for paying the 1% contribution, which can be deducted from their salary or paid directly to the EOBI. 

 

How To Check EOBI Contribution History?

Visit the Official EOBI website.

Click on the "Individual Information" tab.

Enter your CNIC number and password.

Click on the "Insured Person/Employee Details" tab. 

 

Under the "Contribution History" section, you will see a list of all the months in which you have contributed to EOBI. You can also download a copy of your contribution history by clicking on the "Download" button. 

 

If you have any problems checking your EOBI contribution history online, you can contact the EOBI helpline at 021-34328037. 

 

Tips To Check EOBI Contribution History:

You can only check your EOBI contribution history if you have a CNIC number and a password. You can only check your contribution history for the past 12 months.

If you have any questions about your contribution history, you can contact the EOBI helpline. 

 

Benefits of Checking EOBI Contribution History:

You can make sure that your employer is deducting the correct amount of EOBI from your salary. 

 

You can make sure that you have a continuous record of EOBI contributions. You can use your contribution history to claim EOBI benefits, such as old-age pensions, survivor benefits, and disability benefits. 

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