Under Employee provident fund provision Act 1952 The employer has to contribute of Wages Salary of e...........

Principles of Human Resource Management Employee Compensation

Under Employee provident fund provision Act 1952, The employer has to contribute % of Wages / Salary of employee per month

7.5%

8.5%

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Explanation:

PF is the retirement saving scheme available to all the salaried employees, is backed by the government on which fixed interest is paid.

The employee provident fund is administered by the Employees Provident Fund Organization (EPFO), a statutory body developed by the government of India under the Ministry of Labor and Employment. It is formed to administer the mandatory contribution towards the PF scheme by both the employees and employers.