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PF Contribution during Lockdown

Gazette Notification in respect of EPF contribution of private sector employers and employees from the current mandated 12% to 10% for next 3 months, May, June and July 2020.
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Government has *reduced statutory EPF contribution of private sector employers and employees from the current mandated 12% to 10% for next 3 months*, in an attempt to provide relief against coronavirus. The *EPF cut will be applicable only for the month of May, June and July 2020

PF Distribution for next 3 months with reduced rate of contribution

*A/c No. 01 PF Contribution*
11.67%
(Employee 10% + Employer 1.67%)

*A/c No. 10 Pension Contribution*
8.33%

*A/c No. 02 PF Admin Charges*
0.5%

*A/c No. 21 EDLI Contribution*
0.5%

*Total*
21%
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