GENERAL/ MISCELLANEOUS CIRCULARS
Reduction of Statutory EPF Contribution Rate from 12% to 10% for May, June, and July 2020
By TEAM CIRCULAR EXPRESS • 19 May 2020
👁 6 views
The EPFO has notified a reduction in the statutory EPF contribution rate from 12% to 10% for the wage months of May, June, and July 2020. This measure, part of the Atma-Nirbhar Bharat package, aims to provide liquidity relief to employers and employees during the COVID-19 pandemic. The reduction does not apply to Central or State Public Sector enterprises or establishments owned by the government. Additionally, it is not applicable to PMGKY beneficiaries whose contributions are fully covered by the Central Government. Members retain the option to contribute at a rate higher than the new 10% statutory rate.
City
New Delhi
State
Delhi
purpose of issuance
To notify the reduction of statutory EPF contribution rates from 12% to 10% for three months to provide liquidity relief.
Most Important Details
Reduction applies to May, June, and July 2020; excludes government-controlled establishments and PMGKY beneficiaries; employees have the option to contribute at a higher rate.
City_1
New Delhi
State_1
Delhi
purpose of issuance_1
To notify the reduction of statutory EPF contribution rates from 12% to 10% for three months to provide liquidity relief.
Most Important Details_1
Reduction applies to May, June, and July 2020; excludes government-controlled establishments and PMGKY beneficiaries; employees have the option to contribute at a higher rate.
🔒 Document — view only
Regards, Circular Express
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GENERAL/ MISCELLANEOUS CIRCULARS
Reduction of Statutory EPF Contribution Rate from 12% to 10% for May, June, and July 2020
By TEAM CIRCULAR EXPRESS • 19 May 2020
👁 6 views
The EPFO has notified a reduction in the statutory EPF contribution rate from 12% to 10% for the wage months of May, June, and July 2020. This measure, part of the Atma-Nirbhar Bharat package, aims to provide liquidity relief to employers and employees during the COVID-19 pandemic. The reduction does not apply to Central or State Public Sector enterprises or establishments owned by the government. Additionally, it is not applicable to PMGKY beneficiaries whose contributions are fully covered by the Central Government. Members retain the option to contribute at a rate higher than the new 10% statutory rate.
City
New Delhi
State
Delhi
purpose of issuance
To notify the reduction of statutory EPF contribution rates from 12% to 10% for three months to provide liquidity relief.
Most Important Details
Reduction applies to May, June, and July 2020; excludes government-controlled establishments and PMGKY beneficiaries; employees have the option to contribute at a higher rate.
City_1
New Delhi
State_1
Delhi
purpose of issuance_1
To notify the reduction of statutory EPF contribution rates from 12% to 10% for three months to provide liquidity relief.
Most Important Details_1
Reduction applies to May, June, and July 2020; excludes government-controlled establishments and PMGKY beneficiaries; employees have the option to contribute at a higher rate.
🔒 Document — view only
Regards, Circular Express
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#Appointment of CVO#Delhi#DOPT
Entrustment of Additional Charge of the Post of CVO, ECIL, Hyderabad to Shri R L Ramesh Ram
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