EPF contributions above 1800/month to be voluntary
Employees Provident Fund Organisation (EPFO) has mandated a 12% PF contribution on wages up to Rs 15,000 monthly for its eight crore members. Contributions beyond
Employees Provident Fund Organisation (EPFO) has mandated a 12% PF contribution on wages up to Rs 15,000 monthly for its eight crore members. Contributions beyond this statutory limit are now voluntary. Employees can choose to contribute more for retirement savings, with employers having the option, but not the obligation, to match these additional amounts. These voluntary contributions can be adjusted or stopped anytime.
The BriefWire