Can I read Covid 19 - PF Contributions Reduced To 10 on EtoBox?

Covid 19 - PF Contributions Reduced To 10 by cbhumika018 is a document available to read on EtoBox.

What is Covid 19 - PF Contributions Reduced To 10 about?

The Indian government has reduced PF contributions to 10% for both employees and employers for May, June, and July 2020 to enhance liquidity during the COVID-19 lockdown. This change does not apply to public sector companies or those benefiting from the PM Garib Kalyan Package, which continues to require a 12% contribution. As a result, employees will see an increase in their in-hand salaries, boosting their spending power.

Author

cbhumika018

Language

EN