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.