Hello Members, We are an organization with less than 10 employees since inception till date. we had voluntarily opted for PF in 2016 and since have been contributing 12% PF.
As per the contribution rate specified on EPFO website, a 10% contribution rate is applicable to an organization with less than 20 employees. we just recently learned about this and hence would like to ask if we can henceforth contribute 10% and not 12%.
As per the contribution rate specified on EPFO website, a 10% contribution rate is applicable to an organization with less than 20 employees. we just recently learned about this and hence would like to ask if we can henceforth contribute 10% and not 12%.