Question

Which of the following statements about the Employees Provident Fund is correct?

1.
The fund applies only to government employees
2.
The employee and the employer each contribute 12% of wages
3.
The contribution is 8.33% of wages
4.
Only the employer contributes to the fund
Answer (Detailed Solution Below)

Option 2 : The employee and the employer each contribute 12% of wages

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Detailed Solution

सही उत्तर The employee and the employer each contribute 12% of wages है।

Key Points

Under EPF, the employee contributes 12% of wages and the employer also contributes 12% of wages.

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More Domain-Specific Questions

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Question:

Which of the following statements about the Employees Provident Fund is correct?

1.
The fund applies only to government employees
2.
The employee and the employer each contribute 12% of wages
3.
The contribution is 8.33% of wages
4.
Only the employer contributes to the fund

Correct Answer: The employee and the employer each contribute 12% of wages

Under EPF, the employee contributes 12% of wages and the employer also contributes 12% of wages.

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