Jobner Bagh STN Road, Jaipur support@taxwink.com

Cabinet likely to approve extension of EPF support for business, workers for 3 months

Cabinet likely to approve extension of EPF support for business, workers for 3 months

Union Cabinet is likely to approve extension of EPF support for business and workers for 3 months. The Government under PM Garib Kalyan Package earlier announced EPF support of 24 percent (12 percent of employees and employers share) for businesses and low wage workers till August 30, 2020. The government had also reduced EPF contribution for business entity and workers to 10 percent from 12 percent till August 30. 

EPF acts as a saving tool for employees. In EPF accounts, the employees contribute 12 percent of their salaries, and an equal amount is contributed by the employers. Employees' Provident Fund Organisation (EPFO), the retirement fund body, looks after EPF.

You may access the news at:- https://www.cnbctv18.com/finance/cabinet-likely-to-approve-extension-of-epf-support-for-business-workers-for-3-months-6283571.htm

Request a Call Back

We’re here to help and answer any question you might have. We look forward to hearing from you 🙂



These are the personal views of the author and the Taxwink.com is not responsible in regard to correctness of the same.

Author Bio

Qualification:
Bio: The article has been contributed by the team of Taxwink dedicated to provide knowledge and updations to their users. For support mail at: support@taxwink.com
Total Posts: 701
`
Unsubscribe