Scheme to implement credit of employee’s & employer’s share of EPF & EPS contributions

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Scheme to implement credit of employees & employers share of EPF & EPS contributions (24% of wages) for three months by Govt. of IndiaScheme to implement credit of employees & employers share of EPF & EPS contributions (24% of wages) for three months by Govt. of India   Apr 10, 2020

Scheme to implement credit of employee’s & employer’s share of EPF & EPS contributions (24% of wages) for three months by Govt. of India

Scheme to implement credit of employee’s & employer’s share of EPF & EPS contributions (24% of wages) for three months

As part of the Pradhan Mantri Garib Kalyan Yojana package, the Central Govt. proposes to pay 24 percent of the monthly wages into EPF accounts for next three months of Wage earners below Rupees fifteen thousand per month, who are employed in establishments having up to one hundred employees, with 90% or more of such employees earning monthly wages less than Rs.15000/-. To implement the aforesaid package, the Ministry of Labour, Govt. of India, notifies a Scheme with guidelines.

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