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In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above. [20]
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1.13 13. ASCI – Advertising Standards Council of India ... (EPFO)Employees' Provident Fund Organisation- Employees Provident Fund Organisation. 2 See also ...
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The EPF is intended to help employees from the private sector save a fraction of their salary in a lifetime banking scheme, to be used primarily as a retirement fund but also in the event that the employee is temporarily or no longer fit to work. The EPF also provides a framework for employers to meet legal and moral obligations to their employees.
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With five multicolor play shapes, this foam fort building set will give kiddos plenty of ways to play. From a cozy couch to a castle and moat, their imagination is the limit.