paw21
46 posts
Mar 14, 2022
10:57 PM
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According to the requirements of the 'Provident Funds and Miscellaneous Provisions Act, 1952,' often known as the PF act, both the employee and the employer must contribute an equal amount to the employee retirement fund. Every month, EPF online payment the employer must pay the PF contribution before the due date, and any late payment will be penalised with an EPF Interest Rate on the entire amount, which multiplies in days until the full PF amount is submitted.
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