Govt plans to cut EPF contribution rate, take home pay would rise: Will employees benefit?

Currently, employee contribution to PF is 12 percent, and an equal percentage is contributed by the employer. However, the draft EPF Bill proposes to reduce the EPF rate of contribution to 10 percent, both by the employee and the employer.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2sLJM5Y