PF new rule 10% deduction
This query is : Resolved
25 May 2020
Hi All
Now government of India reduced PF from 12% to 10% for both employer and employee.
My question is 2% of employer and 2% of employee saving amount should be credited to employee bank account every month.
And another question is in our PF account 2% employer and 2% employee this 4% government will credit the PF account to become 24% means Indian Government helping us 4% for three months May, June and July 2020
Thanking you
Amruth Kumar
Now government of India reduced PF from 12% to 10% for both employer and employee.
My question is 2% of employer and 2% of employee saving amount should be credited to employee bank account every month.
And another question is in our PF account 2% employer and 2% employee this 4% government will credit the PF account to become 24% means Indian Government helping us 4% for three months May, June and July 2020
Thanking you
Amruth Kumar
25 May 2020
1 No need of 4% credit to employees bank account. Deduct 10% pf and add 10% of employer contribution and pay to EPF.
2 Indian government will not pay 4%.
2 Indian government will not pay 4%.
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