Epf
This query is : Resolved
17 December 2012
One of My Friend is working in a petroleum Centre and getting Basic Salary of Rs. 6028/-. Employer deducts EPF @12% Rs. 723/- and Employer Contributes only 3.66% of Basic Salary. So, My query is that, can employer contribute only 3.66% EPF. If yes then please let me know that is there any provision of Lower Contribution.
Please Reply Me Soon.
Please Reply Me Soon.
17 December 2012
Hey Hi
Its not so, balance 8.33% goes to pension A/c by employer.
So he also gets 12% also from employer.
Thanks//Vaibhav
Its not so, balance 8.33% goes to pension A/c by employer.
So he also gets 12% also from employer.
Thanks//Vaibhav
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