The workers contributions under the employees provident funds and miscellaneous provisions act, 1952 will be :
lower than the employers’ contribution
Incorrect AnswerHigher than the employers contribution
Incorrect AnswerEqual to the employers contribution
Correct AnswerNone of the above
Incorrect AnswerExplanation:
Equal to the employers contribution
The Employees' Provident Fund and Miscellaneous Provisions Act, 1952 aims to provide a kind of social security to the industrial workers. The Act mainly provides retirement or old age benefits, such as Provident Fund, Superannuation Pension, Invalidation Pen- sion, Family Pension and Deposit-Linked Insurance.Search Results Featured snippet from the web An equal contribution is payable by the employee also. In the case of establishments which employ less than 20 employees or meet certain other conditions as notified by the EPFO, the contribution rate for both employee and the employer is limited to 10 percent.
By: santosh ProfileResourcesReport error