New Enroll in RBI Grade B New Batch - Starts on May 21

    Question

    Under the Employees’ Provident Fund (EPF), which of

    the following statements is NOT correct?
    A EPF is compulsory for workers employed in companies with more than 20 staff Correct Answer Incorrect Answer
    B EPF contributions are tax-free Correct Answer Incorrect Answer
    C The employee contributes 12% of their salary, while the employer matches the contribution Correct Answer Incorrect Answer
    D Employers are not required to deduct EPF contributions Correct Answer Incorrect Answer

    Solution

    Employers are legally required to deduct EPF contributions from employees’ salaries and remit them to the EPFO.

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