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Search for "Mandatory Contribute Pf 10 Per Notification If"
Pf contribution rule changed! contribute only 10% for next 3 months if earning above rs 15,000Hi all currently the mandatory monthly contribution by the employee stands at 12 per cent of the monthly pay which includes monthly basic pay dearness allowance and retaining allowance if any. finance minister nirmala sitharaman in her press conference informed about the measures to be taken for the benefit of the members of employees provident fund epf. those earning a basic salary of more than rs 15000 a month will now contribute 10 per cent instead of the mandatory 12 per cent contribution towards the pf for the next 3 months till august 2020. also the contribution of the employer will be reduced to 10 per cent from 12 per cent. however for the central government employees the rate of contribution by the employer remains the same. regards Pf and esi returnsDear all please tell me that is it mandatory to file pf return and esi return on mandatory basis. during part of audit of one of my client they told that it is not mandatory to file pf return on mandatory basis so they are not filling pf returns during the year. please provide me the relevant notification regarding this. thanks in advance