Tag: Provident Fund
Reduction of cut from 12 per cent of basic salary to 10 per cent means a higher take-home salary.
Establishments registered with EPFO will need to have a Labour Identification Number (LIN) allotted to them under the Shram Suvidha Portal to avail this scheme.
Here is the story of a brave HR professional, who stood by his people, fought against PF evasion at MW High Tech Projects India, and paid a hefty price.
EPFO has decided to go digital for the convenience of its lakhs of subscribers and pensioners.
The Central Board of Trustees (CBT) has turned down the proposal to reduce the mandatory contributions from workers and employers to 10 per cent.
Firms want employees to have a choice on how they are paid their salary…