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Data from official sources · Made in Argentina

EOBI contribution calculator

Employers covered by the Employees' Old-Age Benefits Act pay EOBI every month for each insured worker. Enter the minimum wage that applies to see the amounts.

Leave empty to use the federal minimum wage.

How it's calculated

  1. The employer pays 5% of wages and the insured worker 1%.
  2. For EOBI, wages means the minimum wage declared for unskilled workers, so the contribution is the same for every insured worker in the same area.
  3. If you leave the wage empty, the federal minimum wage of Rs 40,700 is used.

An example

On the federal minimum wage of Rs. 40,700, the employer pays Rs. 2,035 and the worker Rs. 407 a month.

Frequently asked questions

Which employers must pay EOBI?

Industrial and commercial establishments where five or more persons are employed, and others the law brings into the scheme.

What does EOBI pay?

Old-age pension and other benefits for insured persons, depending on their years of contribution.

Is EOBI worked out on my full salary?

No. The Act defines wages for EOBI as the declared minimum wage.

Key terms

EOBI
Employees' Old-Age Benefits Institution.
Insured person
A worker registered with EOBI.

The same calculation in other countries

Up-to-date official data

Data checked against the official source on .

We check the official sources automatically, every day.

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