On March 24, the Prime Minister Narendra Modi announced that the country will observe a total lockdown for 21 days due to the coronavirus pandemic. The Finance Minister Nirmala Sitharaman then came out with a slew of measures to help people in the unorganised sector and others to cope in these unprecedented times. The Finance…
Tag: EPF announcement
Govt to pay EPF contribution for next 3 months to employees of small firms
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•Finance Minister Nirmala Sitharaman announced that the government will pay the EPF contribution both of the employer and the employee (12% each) for the next three months. The good news is applicable for establishments with up to 100 employees, where 90% of employees drawing less than Rs 15,000 salary. “This is for all those establishments…