EOBI Contribution Calculator Pakistan
Calculate monthly EOBI contributions for employer and employee based on the current wage ceiling. EOBI contribution is 5% of minimum wages (employer 1% + employee 5% under new rules), applicable to all registered businesses in Pakistan.
Introduction
The Employees' Old-Age Benefits Institution (EOBI) provides pension benefits to registered workers across Pakistan. Both employers and employees contribute monthly, based on the minimum wage ceiling notified by the government. Understanding these contributions is important for payroll compliance and for employees verifying their payslips.
What is this calculator?
The EOBI Contribution Calculator Pakistan computes the monthly contribution amounts for employer and employee based on the current minimum wage. It shows both the individual contributions and the total monthly deposit to EOBI.
Formula
Employer Contribution = Minimum Wage × 5%
Employee Contribution = Minimum Wage × 1%
Total Monthly Contribution = Employer Contribution + Employee Contribution
Important terms
- EOBI: Employees' Old-Age Benefits Institution — provides pension, invalidity, and survivors' benefits.
- Minimum Wage: The statutory minimum monthly wage (currently Rs. 37,000 in most provinces).
- Wage Ceiling: The maximum wage on which EOBI contributions are calculated.
- Insured Person: A worker registered with EOBI.
How to use the calculator
- Enter the monthly minimum wage (default Rs. 37,000).
- Enter the number of employees (for employer calculation).
- Click Calculate EOBI Contribution.
Practical Pakistan-specific example
Example: 10 employees, minimum wage Rs. 37,000
- Employer contribution: 37,000 × 5% = Rs. 1,850 per employee
- Employee contribution: 37,000 × 1% = Rs. 370 per employee
- Total per employee: Rs. 2,220/month
- Total for 10 employees: Rs. 22,200/month
Common mistakes
- Using outdated minimum wage figures.
- Applying contribution rates on actual salary instead of the minimum wage ceiling.
- Not registering employees with EOBI.
Who can use the calculator
- Employers: Calculating monthly EOBI deposits.
- HR professionals: Payroll compliance.
- Employees: Verifying payslip deductions.
Disclaimer
EOBI contribution rates and minimum wage ceilings change periodically. Verify current rates with EOBI or the Ministry of Overseas Pakistanis and Human Resource Development.