Question
An employee voluntarily contributes to the provident fund an amount exceeding the statutory rate. Is the employer bound to match the excess contribution?
Option 4 : No, the employer need not match the excess
Detailed Solution
सही उत्तर No, the employer need not match the excess है।
An employee may contribute more than the statutory rate voluntarily, but the employer is not bound to contribute more than the statutory rate.
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prepsnap.in • Domain-SpecificQuestion:
An employee voluntarily contributes to the provident fund an amount exceeding the statutory rate. Is the employer bound to match the excess contribution?
Correct Answer: No, the employer need not match the excess
An employee may contribute more than the statutory rate voluntarily, but the employer is not bound to contribute more than the statutory rate.