Question
An employee draws monthly wages of Rs 15,000. Out of the employer contribution of 12% to EPF, how much is diverted to the Employees Pension Scheme?
Option 3 : Rs 1,250
Detailed Solution
सही उत्तर Rs 1,250 है।
Of the employer share of 12%, 8.33% goes to the Employees Pension Scheme: 8.33% of Rs 15,000 is about Rs 1,250, and the remaining 3.67% goes to the EPF account.
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prepsnap.in • Domain-SpecificQuestion:
An employee draws monthly wages of Rs 15,000. Out of the employer contribution of 12% to EPF, how much is diverted to the Employees Pension Scheme?
Correct Answer: Rs 1,250
Of the employer share of 12%, 8.33% goes to the Employees Pension Scheme: 8.33% of Rs 15,000 is about Rs 1,250, and the remaining 3.67% goes to the EPF account.