Govt to contribute 12% as EPF for all sectors for next 3 yrs
Finance Minister Arun Jaitley on Thursday announced that the government will contribute 12% of wages of new employees in all sectors to the Employees' Provident Fund for the next 3 years. He also said that women's contribution to EPF will be reduced to 8% from 12% for the first three years. However, there will be no changes in employer contribution.