As per the government law, an employee contributes 12% of his/her salary towards the Provident Fund (PF), and the employer contributes 3.67% of salary towards the Employees Provident Fund (EPF) and 8.33% towards the Employee Pension Scheme (EPS).
If the government revises the PF percentage, we update the PF and PF formula in the greytHR application at the earliest.
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- Product Update - To read our product update, click here.