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August 7, 2024by Safique IdrisiGovernment Update

Understanding the Wage Components Included in EPF Calculations.

The Employees’ Provident Fund (EPF) scheme is a mandatory retirement savings plan for employees in India, regulated by the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952. Employers and employees contribute to the EPF on a monthly basis, and the contributions accumulate to provide financial security for employees upon retirement or during emergencies. One of the critical...
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