Govt. PF Contribution for New Employees: 12% of Wages for 3 Years (Budget 2018)

Govt. to Contribute to EPF of New Employees for 3 Years equal to 12% of Wages (Budget 2018)

While presenting Budget 2018-19, the Finance Minister Mr Arun Jaitley has proposed that Govt. will Contribute to EPF of New Employees for 3 Years, equivalent to 12% of Wages.

Reduced PF Contribution Rate (8.33%) for Women Employees

Further, FM has proposed to reduce PF Contribution rate from 12% to 8.33%, in respect of Women Employees for a period of first 3 years for new EPF accounts.

Leave a Reply


Please Signup for 

CA Club's Daily Updates via Email

(After submitting your email below, please check your inbox. Open the email from Feedburner and click on the confirmation link... That's All)