The government has proposed to reduce the contribution made by employees towards the Employees’ Provident Fund (EPF), in a move to increase take-home salary.
The government wants to reduce the rate of contribution — part of the employee’s share — for a class of workers depending upon age, income or gender, without changing the contribution from the employer’s share. The proposal is part of the proposed Employees’ Provident Fund and Miscellaneous Bill, 2019.
The government wants to reduce the rate of contribution — part of the employee’s share — for a class of workers depending upon age, income or gender, without changing the contribution from the employer’s share. The proposal is part of the proposed Employees’ Provident Fund and Miscellaneous Bill, 2019.
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