Goverment share in PF – Budget 2018

Q & A ForumCategory: Provident Fund (EPF & PPF)Goverment share in PF – Budget 2018
MANISH SHARMA asked 8 years ago
HELLO SIR , As per the new budget of 2018-19 governmnet will give 12% share on new EPFO accounts . Now there will three share in new EPFO accounts that is  employee share + employer share + government share .. please clear me this statement .
1 Answers
Sreekanth Staff answered 8 years ago
Hi, Government to pay employer’s contribution of 12% of basic salary towards EPF in the first three years of employment to boost job creation.
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