The EPF contribution has been reduced from 12% to 10% for both employers and employees.
Finance Minister Nirmala Sitharaman announced this measure as means to provide relief employers and to increase the in-hand pay for employees.This measure has been taken as part of Atmanirbhar Bharat Package.
The Employees Providend Fund Organisation(EPFO) via its offical twitter account has also released a set of FAQ related to this reduced contribution
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