Recent changes in PF for Companies

The Government of India proposes to bring in changes in the Employees’ Provident Fund (EPF) regulations for three months from May to July 2020. Our Hon’ble Finance Minister Nirmala Sitharaman announced this measure as part of the “Atmanirbhar Bharat Package” as a means to provide relief to the employers and also to increase the monthly take-home pay of employees.

Here, Akash Mahagaonkar explores in detail the options that are available for companies for Lower Statutory Deduction of Provident Fund.

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