WHAT IS THE CONTRIBUTION OF EMPLOYER?

WHAT IS THE CONTRIBUTION OF EMPLOYER?

The Employee contributes 12% of his /her Basic Salary & the same amount is contributed by the Employer. Employer contribution of 12% of basic salary is totally deposited in provident fund account where as out of Employees contribution of 12%, 3.67% is contributed to Provident fund and 8.33% is deposited in Pension scheme.


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