As per government law, an employee contributes 12% of the salary for a contribution towards the Provident Fund (PF). From the employer’s share of contribution, 8.33% is contributed towards the Employee Pension Scheme (EPS) and 3.67% to the Employees Provident Fund (EPF) Scheme.
If the government revises the PF percentage, an update in the PF and PF formula is done in the greytHR application at the earliest.
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