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

Effective Date: 1st July  2016

 

MINIMUM  WAGE

MAXIMUM  WAGE*

 

Pay Period

For Private Household employees

For other employees

For all employees

Daily

62

98

641

 

Weekly

372

588

3843

 

Fortnightly

743

1177

7687

 

Half  Monthly

805

1275

8328

 

Monthly

1610

2550

16655

 

*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​