The Code on Social Security, 2020
CHAPTER III: EMPLOYEES’ PROVIDENT FUND
Section 16: Funds
Bare Act
(1) The Central Government may, for the purposes of
- the Provident Fund Scheme, establish a Provident Fund where the contributions paid by the employer to the fund shall be ten per cent. of the wages for the time being payable to each of the employees (whether employed by him directly or by or through a contactor), and the employee's contribution shall be equal to the contribution payable by the employer in respect of him and may, if any employee so desires,
Simplified Act
Simplified Explanation of Section 16 of The Code on Social Security, 2020
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Provident Fund Contributions
The Central Government can set up a Provident Fund. Employers must contribute 10% of e