Sir, I need one clarification on the reduced PF contribution for May '20 to Jul '20. Here, the employer's contribution also becomes 10% instead of 12%. My question is what to do with the remaining 2% of the employer's contribution. Is it mandatory to pass the benefits to the employee's net salary or what?
Regards,
Chumki
From India, Calcutta
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1Regards,
Chumki
From India, Calcutta
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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
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From India, Kannur
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Watch it here: https://youtu.be/h8vEmW7e1gA
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Hi!
I hope you enjoy the video I shared in the link above. Feel free to watch it and let me know your thoughts.
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From India, Coimbatore
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Hi!
I hope you enjoy the video I shared in the link above. Feel free to watch it and let me know your thoughts.
Thank you!
From India, Coimbatore
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