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      Question

      What is the maximum contribution rate for employers and

      employees under the Code on Social Security of India, 2020?
      A 10% Correct Answer Incorrect Answer
      B 12% Correct Answer Incorrect Answer
      C 14% Correct Answer Incorrect Answer
      D There is no minimum contribution rate Correct Answer Incorrect Answer

      Solution

      Both the employer and the employee will need to contribute 10% of the wages of the employee to the provident fund. The employee may contribute more than 10%, provided that the employer is not obligated to contribute more than 10% of the wages of the employee to the provident fund.

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