FAQ on revised EPF rate


Quick Summary
This document provides a comprehensive FAQ on the reduction of the statutory rate of EPF contribution from 12% to 10%. It clarifies the objective of this temporary measure, which is to provide liquidity relief during the pandemic. The FAQ details eligibility, the applicable period (May-July 2020), and how this reduction impacts take-home pay and employer liabilities. It's useful for both employees and employers seeking to understand the specifics of this change.

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Reduction in the statutory rate of EPF contribution from 12% to 10%. #pdf
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