FAQs on Reduction in statutory rate of EPF contribution from 12% to 10%

Mita Basak , Last updated: 25 September 2020 Share Follow on Google News

In order to increase the monthly take-home pay for employees, Finance Minister Nirmala Sitharaman announced a reduction in EPF Contribution from 12% to 10% for both, employers and employees. This measure came into place under the Atmanirbhar Bharat Package in order to provide relief to the employees

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About the Author

Mita Basak

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I write informative articles on taxation, GST, TDS/TCS compliance, corporate laws, EPF, government schemes, and finance-related topics. My focus is on simplifying complex legal, tax, and compliance matters into practical and easy-to-understand guides for professionals, businesses, and general readers.

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FAQs on Reduction in statutory rate of EPF contribution from 12% to 10%

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