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posted on 11 Oct 2020
Employers were provided with relaxation for EPF & ESIC during lockdown.
The government announced a reduction in the EPF contribution rate from 12% to 10% for both employers and employees for three months.
The ESIC contribution rate was also reduced from 6.5% to 4% for employers and from 4.75% to 3% for employees for six months.
The relaxation was aimed at providing some relief to employers during the COVID-19 pandemic.
The...
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