Explanation:

Let’s check all statements one by one:

- Statement 1: Women’s EPF contribution was indeed reduced to 8% for the first three years (to encourage female employment).

- Statement 2: For newly created jobs, the government pays the employer’s share of 12% of wages to the EPF for a set period.

- Statement 3: There’s no provision in Budget 2018-19 allowing a 30% deduction of wage cost of new employment under Income Tax Law; this statement is incorrect.

Options:

- Option 1 (1 and 3 only) Statement 3 is wrong.

- Option 2 (2 and 3 only) Statement 3 is wrong.

- Option 3 (1 and 2 only) Both are correct.

- Option 4 (1, 2, and 3) Statement 3 is wrong.

Correct answer: Option 3 (1 and 2 only)