Question

What percentage of an employee's basic salary and

Q: Answer-What percentage of an employee's basic salary and dearness allowance is contributed by the employer...

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 .

dearness allowance is contributed by the employer towards the EPS scheme?

A 12%

B 10%

C 8.33%

D 3.67%

E 1.16%

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What percentage of an employee's basic salary and

Solution