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      Question

      Which of the following statements is incorrect regarding

      “Employee provident fund organization”?
      A It is a statutory body. Correct Answer Incorrect Answer
      B There was a provision related to the employee pension scheme in Employee provident fund and miscellaneous act 1952. Correct Answer Incorrect Answer
      C Employer and employee share 12-12% in the “employee provident fund”. Correct Answer Incorrect Answer
      D The entire contribution of the employee goes to EPF while the 12% contribution made by the employer is divided as 3.67% in EPF and 8.33% in EPS. Correct Answer Incorrect Answer

      Solution

      There were no provisions related to the employee pension scheme in Employee provident fund and miscellaneous act 1952.

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