Multiple Choice Questions on The Government has reduced EPFO contributions from 12 per cent to per cent from May t........... for General Knowledge ( All Exams) Preparation

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Multiple Choice Questions

The Government has reduced EPFO contributions from 12 per cent to per cent from May t...........

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    The Government has reduced EPFO contributions from 12 per cent to _______  per cent from May to July 2020.

    5 %

    Incorrect Answer

    8 %

    Incorrect Answer

    10 %

    Correct Answer

    11 %

    Incorrect Answer
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    Explanation:
    • The Ministry of Labour & Employment has announced a cut in the rate of employees’ provident fund (EPF) contributions to 10 percent from the existing 12 percent, for three months till July 2020. This means that the new rate would be applicable on May-June-July salary period.
    • The existing rate of contribution by both employee and employer is 12%.

    By: Rohit Middha
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