Govt to credit Employees’ Provident Fund contributions both for employee and employer till August this year in view of COVID pandemic

In another major announcement, the Cabinet approved extension of the Employee Provident Fund contribution of 24 per cent for another three months from June to August this year.

The scheme entails an expenditure of 4 thousand 860 crore and will benefit over 72 lakh employees in the country. The government will credit the contributions both for the employee and the employer.