What are all the recent changes in Montlhy recurring activies like PF,ESIC ,LWF etc

Question

Accepted Answer

There have been recent changes in monthly recurring activities like PF, ESIC, LWF, etc.

The contribution rates for PF (Provident Fund) have been reduced from 12% to 10% for both employers and employees.
The wage ceiling for coverage under ESIC (Employee State Insurance Corporation) has been increased from Rs. 21,000 to Rs. 25,000 per month.
The contribution rates for ESIC have also been reduced from 4.75% to 3.25% for employers and from 1.75% to 0.75% for employees.
The LWF (Labour Welfare Fund) contribution rates vary from state to state, and there may have been recent changes in specific states.
It is important to stay updated with the latest changes in these monthly recurring activities to ensure compliance with the regulations.

Accepted Answer

12 percent for employee and 12plus admin fee for PF, ESIC as per the new rates,LWF as per the concerned state slabs

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