Question

What percentage from the employer’s contribution

Q: Answer-What percentage from the employer’s contribution towards EPF is directed towards Employees’ Pension...

Employee Provident Fund EPF is a retirement benefit scheme maintained by the Employees Provident Fund Organization EPFO. The employee and the employer contribute to the EPF scheme on monthly basis in equal proportions of 12 of the basic salary and dearness allowance. Out of the employers contribution, 8.33 is directed towards the Employee Pension Scheme EPS, 0.50 towards Employees Deposit-linked Insurance scheme EDLI and the remaining is retained in EPF.

towards EPF is directed towards Employees’ Pension Scheme?

A 3.67%

B 6.33%

C 8.33%

D 10.33%

E As decided by the employee

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What percentage from the employer’s contribution

Solution