Fri, Aug 02, 2024
The EPFO provides an annual compound interest of 8.25% on contributions. Both employee and employer contribute a maximum of 12% of the basic salary and dearness allowance (DA). Read more.
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Fri, Jul 19, 2024
Sun, May 28, 2017
The Central Board of Trustees (CBT), a retirement fund body of EPFO, has turned down the proposal to reduce the mandatory provident fund (PF) contributions from workers and employers from present 12% to 10% in a meeting held in Pune on Saturday.
Fri, May 26, 2017
The labour ministry received several representations stating that the move will leave more money with workers for expenditure and reduce employers liability, which will eventually perk up economy.
Fri, May 19, 2017
"Such move is likely to benefit 4.5 crores EPF subscribers and around than 54 lakh pensioners," the Ministry said.
Sun, Mar 05, 2017
Similarly, ESIC provides mandatory health cover to formal sector workers and facility of cashless health treatment.
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