SShortSingh.
TopTechnologyAI & MLStartupsProgrammingScienceBusinessFinanceCrypto & Web3World
Back to feed
India

EPFO Makes PF Contributions Beyond Rs 15,000 Wage Limit Voluntary

0
·8 views

The Employees' Provident Fund Organisation (EPFO) has set a mandatory 12% provident fund contribution on monthly wages up to Rs 15,000 for its eight crore members. Any contributions exceeding this statutory threshold will now be treated as voluntary. Employees who wish to save more for retirement retain the option to contribute beyond the limit, though employers are not obligated to match such additional amounts. These voluntary contributions offer flexibility, as members can modify or discontinue them at any time.

Read the full story at Times of India

This is an AI-generated summary. ShortSingh links to the original source for the complete article.

Discussion (0)

Log in to join the discussion and vote.

Log in

Related stories

0
IndiaTimes of India ·

Indian Navy commissions third indigenous anti-submarine warship Mangrol

The Indian Navy has inducted Mangrol, its third indigenous Anti-Submarine Warfare Shallow Water Craft, strengthening its coastal defense capabilities. The vessel is equipped with advanced torpedoes and sonar systems designed for underwater threat detection and surveillance. Mangrol is built to operate in shallow-water environments, enhancing the Navy's capacity to conduct anti-submarine missions in coastal zones. The ship is part of a larger domestic shipbuilding program that aims to deliver a total of eight such vessels.

0 comments Read more at Times of India
0
IndiaTimes of India ·

Gambhir Dismisses Concerns as India Lead Sri Lanka Series 1-0

India head into the second Test against Sri Lanka in Colombo with a 1-0 series lead following a 165-run victory in Galle. Head coach Gautam Gambhir has pushed back against suggestions that the team is struggling in Test cricket. The focus remains on India's efforts to rebuild their Test side following the retirement of several key players. Despite finishing fifth in the World Test Championship standings and suffering two home whitewashes, Gambhir maintains the team is on the right track.

0 comments Read more at Times of India