Slow but steady economic recovery: Over 150,000 companies resume contributions to EPFO

Submitted by socpro on Tue, 10/13/2020 - 16:07
measures summary

In May, Finance Minister Nirmala Sitharaman, as part of government’s Covid-19 Atma Nirbhar Bharat relief measures, announced that monthly EPF contributions (of both employers and employees) were to be reduced from 24 per cent to 20 per cent for the months of May, June and July 2020.

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