BREAKING NEWS

Huge relief for salaried! EPF support extended by 3 months for these employees

Sunil Dhawan Wednesday, 8th of July 2020 17:53:25 business 3715

Image Source: https://images.financialexpress.com/2020/06/epfo-pti-small.jpg

Date: Wednesday, 8th of July 2020

Written By: Sunil Dhawan

Listen This News Article Now

This relief will be applicable to all those establishments which have up to 100 employees and out of those, 90 per cent are earning less than Rs 15,000 a month.

PF Contribution rate 2020: There is good news for salaried individuals. The take-home pay of employees in these times, when many of them are facing a cash crunch, will not be hit by this recent decision of the government. The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for extending the contribution — both 12 per cent employees’ share and 12 per cent employers’ share — under the Employees Provident Fund, totalling 24 per cent for another 3 months from June to August 2020.

However, the relief is not applicable to all employees and all organisations. This PF benefit will be applicable to all those establishments which have up to 100 employees and out of those, 90 per cent are earning less than Rs 15,000 a month. Only employees in such establishme

News Source: https://www.financialexpress.com/money/huge-relief-for-salaried-epf-support-extended-by-3-months-for-these-employees/2017570/

No of Views: 3715