Section 7 of EPFMA : Section 7: Modification Of Scheme
EPFMA
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Explanation using Example
Imagine a software company, "Tech Innovations," has been diligently contributing to the Employees' Provident Fund (EPF) for its employees. The Central Government decides to enhance the retirement benefits under the EPF Scheme and issues a notification to increase the percentage of employer contributions from 12% to 14%. This change is made under Section 7(1) of The Employees Provident Funds and Miscellaneous Provisions Act, 1952...
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