Main changes has been made for EPF Scheme. With new Incentive Scheme if you appoint
1) Min 2 employees (For units having less than 50 employees) and Min 4 employees (If total strength is up to 100 employees )
2) Salary is less than 15000=00 per month.
In this case Govt. will bear 24 % of PF share for two years.
Scheme is valid from 01.10.2020 to 30th June 2021.
Details attached.
Regards
V.K.JOSHI