FM: Workers can draw 3 months salary from EPF

March 26, 2020 14:14

FM: Govt of India will pay the Employees' Provident Fund (EPF) contribution, both of employer and employee, put together it will be 24%, this will be for next 3 months. This is for those establishments which have up to 100 employees and 90% of them earn less that 15,000.

Govt ready to amend the regulation of EPF due to this pandemic so that workers can draw upto 75% non-refundable advance from credit in PF account or 3 months salary, whichever is lower.

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