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Employees to be given the option of reducing their PF contribution, says report

Updated : December 09, 2019 12:55 PM IST

Currently, the PF contribution is 12 percent of basic salary.
The report added that the rationale behind the provision is that allowing employees to take home more will increase consumption, which has been witnessing a fall.
Employees to be given the option of reducing their PF contribution, says report

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