Amendment status not verified — confirm the current text below against the official source.
Contribution.— Every employer engaging workman with such identity card shall deposit in the Government Treasury an amount equivalent to 5% of the total gross wages of the workman every month 13[within 21 days from the pay day] as employers contribution towards retirement benefit and such deposits shall be made in the Government Treasury under such head of account as may be notified by the Government in the Official Gazette 14{and such employer shall also furnish to the competent authority and to such other agency as may be notified by the Government, monthly returns showing details of contribution in respect of individual workman in the prescribed form}: Provided that no such employer shall be liable to deposit such amount after the workman is absorbed as a regular employee after he has put in 240 days of continuous service: Provided further that no employer shall be liable to make contribution in respect of the workman who has completed the age of fifty years 15{or whose monthly wages exceed rupees six thousand five hundred}.