I recently joined the knitting industry and was unaware of the recent amendments in the provident fund. While browsing this site, I came across the amendment in the PF rules. Could you please help me understand the details about the amendment?
HI Prashant, PF is calculated on your basic: Employees contribution: 12% of Basic goes towards EPF employer’s contribution: 3.67% of bascic towards = EPF 8.33% OF BASIC towrads = FPF
From India, Bangalore
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