Question
According to the Social Security Code, 2020, the
employer's contribution to the deposit-linked insurance fund set up under the insurance scheme should not be more than this.Solution
Explanation: For the Insurance Scheme, the Central Government can establish a Deposit-Linked Insurance Fund according to the rules specified in that scheme. This fund receives payments from the employer on behalf of each employee. The employer is required to make these payments periodically, and the amount paid should not exceed 1% of the wages or any other percentage of wages as notified by the Central Government.
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