Sir, I need one clarification on the reduced PF contribution for May'20 to Jul'20 , here employer's contribution also becomes 10 % instead of 12 % . My question is what to do with the rest 2 % of employer's contribution , is it mandatory to pass the benefits to employee's net salary or what ?
Regrds,
Chumki
From India, Calcutta
1Regrds,
Chumki
From India, Calcutta
I you have given offer letter with a salary structure showing the employer’s contribution to PF at 12% (CTC) then you should give this 2% to the employee by adding the same to 'other allowance'
From India, Kannur
From India, Kannur
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PF Contribution can reduced.doc
PF Contribution on Leave Encashment - Clarification by EPFO.pdf