Govt to pay EPF contribution for the next 3 months
As part of Corona virus relief measure, Government of India has announced that it will pay EPF contribution for the Employee and Employer for the next 3 months starting from April 2020.
If you are an Employee:
EPF won’t be deducted from your salary.Instead you will get the EPF Contribution amount added to your Salary (Only Employee Share). But this is only for the 1st 3 months of the next financial year (2020-21) starting from April 2020.
Suppose if EPF of Rs 1000 is getting deducted from your salary, then you will extra 1000 is your salary for the next 3 months.
If you are an Employer:
Dues for the 3 months for your Employees need not be paid and it will lead to some additional savings for the Employers