Minimum and Maximum basic wage on which Contributions to the National Pensions Fund (NPF) & National Savings Fund (NSF) are payable.

Effective Date: 1st July  2017

 

MINIMUM  WAGE

MAXIMUM  WAGE*

 

Pay Period

For Private Household employees

For other employees

For all employees

Daily

63

100

654

 

Weekly

380

601

3922

 

Fortnightly

759

1202

7844

 

Half  Monthly

823

1303

8498

 

Monthly

1645

2605

16995

 

*As from 1st July 2016 an insured person or his employer or both may opt to make contributions on a wage greater than the maximum wage. An application will have to be made for this option.

 Contribution as Self-employed   -   in multiple of 5 not below Rs 160

As from 1st July 2016 an insured person or his employer or both may opt to make contributions on a wage greater than the maximum wage​