Salaries of government employees, private staff likely to rise; EPF is the reason why
If the government accepts the ministry's report, the EPF contribution will come down to 10% from the current 12% for both employees and employers. For establishments having less than 20 employees, the contribution limit currently is 10 per cent, and the same could be applicable for all organisations now.
For crores of private and government employees, Centre's proposal to slash employees’ social security contribution can lead to a hike in their take home salary. Image source: PTI