Your Take Home Salaries May Rise as Center proposes cut in employees’ PF contribution: Report
The Labour & Employment Ministry has suggested a reduction in worker’s contribution to the Employees’ Provident Fund (EPF), to improve in-hand salaries, the Business Standard reported. The worker’s eligibility would depend on their age, gender or pay grade while the employer’s share will remain unchanged, the report added. Presently, the mandated EPF contribution is 24 percent…