Big announcement for EPFO subscribers under PM Gareeb Kalyan Scheme, the government will pay workers’ PF for 3 months
The government of India will pay the EPF contribution both of the employer and the employee (12% each) for the next three months, Finance Minister Nirmala Sitharaman has announced. This will be applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,000 salary.
This is announced today & we are awaiting notification from EPFO regarding further details, eligibility for the same & shall share it as we receive it.