What is the percentage to be contributed by the employer and employee for employees' provident fund?
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The percentage to be contributed by both the employer and employee for the employees' provident fund varies depending on the regulations and policies set by the company and the government. Typically, contributions are divided between the employer and the employee, with each party responsible for a certain percentage of the total amount. These contributions are meant to help employees save for their retirement and ensure financial security in the future. It is essential for both employers and employees to understand and comply with the contribution requirements to avoid any issues or penalties related to the provident fund scheme.
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The percentage to be contributed by both the employer and employee for the employees' provident fund varies depending on the regulations and policies set by the company and the government. Typically, contributions are divided between the employer and the employee, with each party responsible for a certain percentage of the total amount. These contributions are meant to help employees save for their retirement and ensure financial security in the future. It is essential for both employers and employees to understand and comply with the contribution requirements to avoid any issues or penalties related to the provident fund scheme.