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Friday, 22 May 2020

REDUCTION IN EPF CONTRIBUTION 12 TO 10% FAQ

REDUCTION IN EPF CONTRIBUTION 12 TO 10% FAQ

Posted: 21 May 2020 07:23 PM PDT

Various measures have been announced from time to time to provide relief to the employers and employees of the establishments covered under the EPF & MP Act, 1952 distressed by Lockdown to prevent spread of COVID-19 and other disruptions due to Pandemic. The reduction in statutory rate of contributions from 12% to 10% for wage months May, 2020, June, 2020 and July, 2020 for all class of...

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