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Useful articles for your finance management by our team of experts

EPFO to be stringent on Companies deducting lower PF

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Employees’ Provident Fund Organization (EPFO) has announced that it will be stringent on those companies which have deducted PF on lower salary of employees.

It has stated that lot of employers have been deducting PF on less than 50% of the salary instead of the full amount. The employers have been acting strategically by splitting the salary into various allowances which would be excluded as per EPF Act, 1952.

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