EPF Contribution Explained! 💼💰 | What's the Rate for Employees and Employers?
Автор: Labour Law with LawSikho
Загружено: 2023-12-13
Просмотров: 1181
Описание: Ever wondered about the contribution rates in the Employees’ Provident Fund (EPF) scheme in India? 🤔 The EPF scheme is a crucial social security measure, mandatory for employees earning up to Rs. 15,000 per month. Here's the breakdown: Employees contribute 12% of their monthly basic salary, and employers match that with a 12% contribution. But wait, there's more! From the employer's share, 8.33% goes to the Employees’ Pension Scheme, while the remaining 3.67% contributes to the EPF Scheme. 💼💰 Understanding these contribution rates is key to navigating your retirement benefits under the EPF scheme. Stay informed and make the most of your financial planning! 🌐🔐 #EPF #ProvidentFund #RetirementBenefits #FinancialPlanning #EmploymentLaws
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