Canvas Accounting

Date Extended
Last Date 14 Oct 2024

Attention Inactive filers,File Your Returns..

Salary Class Tax Rates for 2025

The newly established minimum wage stands at Rs. 32,000/-, an increase from the previous amount of Rs. 25,000/

The newly established minimum wage stands at Rs. 32,000/-, an increase from the previous amount of Rs. 25,000/
Considering the direct correlation between EOBI contributions and the government-set minimum wages, it is important to note that these contributions have also been raised. The revised rates for employer and employee contributions to EOBI are outlined below for your convenience:
Employer Contribution:
• 5% of Minimum Wages
• Rs. 1,600/- per insured person per month w.e.f. 1st July, 2023 and onwards
Employee Contribution:
• 1% of Minimum Wages
• Rs. 320/- per insured person per month w.e.f. 1st July, 2023 and onwards

The updated EOBI rates are now in effect starting from July 1st, 2023

Hurry up!