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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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In 1982, then the EPF Act 1991 in 1991. The EPF Act 1991 [4] requires employees and their employers to contribute towards their retirement savings, and allows workers to withdraw these savings at retirement or for special purposes before then. [5] As of 31 December 2012, EPF has 13.6 million members, of which 6.4 million are active contributing ...
The No. 5 seed will play the No. 12 seed, No. 6 faces No. 11, No. 7 matches up with No. 10 and No. 8 meets No. 9. Winners of those games will advance to the quarterfinals. The Fiesta Bowl will be ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
A French court has found the ex-husband of Gisèle Pelicot guilty of aggravated rapes and all other charges against him in the historic mass rape trial that has shocked the nation.. The Thursday ...
What you should set your thermostat at in the winter. Turns out there's a magic number for your thermostat setting in the winter, experts say. That setting? 68 degrees, according to the Energy ...
The role and position of an employers' organization differs from country to country. In countries with an Anglo-Saxon economic system (such as the United Kingdom and the United States), where there is no institutionalized cooperation between employers' organizations, trade unions and government, an employers' organization is an interest group or advocacy group that through lobbying tries to ...