Economic package: The government will contribute 24 per cent to the EPF, find out which employees will get the benefit

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New Delhi, 28 June 2021 Monday

The central government on Monday announced another economic package to boost economic activities in the country. The term of the Self-Reliant India Scheme has been extended till 2022. Under this scheme, 24 per cent EPF contribution of low paid employees will be credited by the government.

Under this scheme, the Government of India provided subsidy for two years in relation to new employees joining on October 1, 2020 and then till June 30, 2021. Now, the benefit of this scheme can be availed till March 31, 2022.

This benefit will be available to employees with a monthly salary of less than Rs. If there is no number they will get.

Indeed, the objective of the Self-Reliant India Scheme is to promote employment in the organized sector of the country and to create new employment opportunities during the Koro epidemic.

Comments

  1. Harvey SpecterAugust 3, 2022 at 5:00 AM

    The majority of private sector employees today are eligible for some post-retirement benefits. Government employees are eligible for pensions, but they differ from private sector employees in that they work in an organized sector. The EPF act became applicable to all employees in the organized sector as soon as it was passed by parliament.
    Use an EPF Calculator to calculate EPF contributions.

    ReplyDelete
  2. suveeraAugust 17, 2022 at 12:09 PM

    An EPF is an initiative of the largest social security organization in the world. The program aims to strengthen social welfare and provide financial security to Indian workers. Thank you for the valuable blog. It is very helpful. To know more visit: pf online payment

    ReplyDelete

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