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The Government of India will pay the employer and employee contribution to EPF account of employees for another three months from June to August 2020. The benefit is for establishments with up to 100 employees and where 90% of those employees draw a salary of less than Rs 15,000 per month. The contribution to EPF is reduced to 10% from 12% for non-government organisations.
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Interest rate on PF deposits is 8.5% for the FY 2019-20.Employee Provident fund (EPF) is an ideal investment option for any salaried individual, owing to its E-E-E (exempt-exempt-exempt) nature. This means investment in EPF, interest from EPF and withdrawal from EPF after 5 years is exempt. In this article, we will discuss how to do PF transfer online.