What do you know about employee provident fund related laws
and regulations? What is the official procedure to implement
them in a company?
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Answer Posted / amit srivastava
The Employee's Provident Fund is one of the most beneficial and popular scheme for salaried person in India. it is a statutory body under the Ministry of Labour and Employment. Government of India administers social Security schemes framed under under the Employees' Provident Funds & Miscellaneous Provisions Act, 1952
The Contribution of Both Employer And Employee is 12% in the case of Employer only 3.67% goes in EPF and balance goes in EPS (Employee Pension Scheme). of Basic Salary and Dearness Allowance
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