Blog tagged as EPF Withdrawal

The Employees' Provident Fund Organisation (EPFO), via its official Twitter handle released a set of FAQs related to the announcement reduction of EPF contribution from 12 per cent to 10 per cent for both employers and employees.

The Government of India will pay the employer and employee contribution to EPF account of employees for another three months from June to August 2020. The benefit is for establishments with up to 100 employees and where 90% of those employees draw a salary of less than Rs 15,000 per month.