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In CTC Model, Employee To Get Benefit Of Reduction Of Employer's PF Contribution : Govt Clarifies
LIVELAW NEWS NETWORK
19 May 2020 8:16 PM IST
In Cost to Company(CTC) model, the benefit of 2% reduction of the employer's contribution under the Employees Provident Fund and Miscellaneous Provisions Act will be passed on to the employee, going by the press release issued by the Government on TuesdayA Press Release from the Ministry of Labour and Employment stated :"In Cost to Company (CTC) model, if Rs.10000/- is monthly EPF wages, in...
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