Section 6 of EPFMA : Section 6: Contributions And Matters Which May Be Provided For In Schemes

Explanation using Example

Imagine a company, XYZ Tech, which employs software engineers. The company is required to contribute to the Employees' Provident Fund (EPF) for each of its employees. As per Section 6 of The Employees Provident Funds and Miscellaneous Provisions Act, 1952, XYZ Tech must pay a contribution to the EPF that is 10% of the basic wages, dearness allowance, and retaining allowance (if any) payable to each employee.

For example, if an employee, John, has a basic wage of ₹30,000 per month, and a dearness allowance of ₹5,000 per month, the total con...

Login to access all pages and read more content.

To disable ads and read rest of the premium content, subscribe to KanoonGPT Pro.