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Remuneration on which NPF and NSF are payable

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

Effective Date: 1st July  2019

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​MINIMUM  WAGE

MAXIMUM  WAGE*

 

Pay Period

For Private Household employees

For other employees

For all employees

Daily

70

111

721​

 

Weekly

420

663

4325

 

Fortnightly

840​

1327

8649

 

Half  Monthly

910

1438

9370

 

Monthly

1820

2875

18740​

 

*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 170


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​​