Question

    What percentage of an employee's basic salary and

    dearness allowance is contributed by the employer towards the EPS scheme?
    A 12% Correct Answer Incorrect Answer
    B 10% Correct Answer Incorrect Answer
    C 8.33% Correct Answer Incorrect Answer
    D 3.67% Correct Answer Incorrect Answer
    E 1.16% Correct Answer Incorrect Answer

    Solution

    Out of the total 12% employer contribution to EPFO schemes,  8.33%  is  diverted to the Employees’ Pension Scheme (EPS) , calculated on a maximum salary cap of ₹15,000. The rest (3.67%) goes to the EPF component .

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