What relaxation for employers provided for EPF & ESIC during lockdown?

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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 reduced rates were applicable for all establishments covered under the EPF and ESIC Acts.
The government also extended the deadline for filing EPF and ESIC returns for the months of February, March, and April 2020.
The relaxation was later extended till August 2020.
The government also announced a scheme to provide liquidity support to EPF establishments to help them pay wages and salaries to their employees.
The scheme was aimed at providing relief to establishments facing financial difficulties due to the pandemic.

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