The government last month announced a reduction in Employment Provident Fund (EPF) from 12 per cent to 10 per cent for both employer and employees as part fo the Atmanirbhar Bharat stimulus package. The move was aimed at providing relief to employers and employees in order to increase the take-home salary of the latter.
Here’s a list of Frequently asked questions of the recent reduction in EPFO:
Are exempted establishments eligible for reduced rate of contribution? Yes. The reduced rate is applicable to exempted establishments also…Read more>>