Civil Engineering MCQAE Level Civil Engineering
The Employees' Provident Fund (EPF) contribution from employer and employee as percentage of basic wages is respectively:
Construction ManagementLabourMEDIUM
Choose the correct answer
A
6.5% and 6.5%
B
12% and 12%
C
10% and 8%
D
8% and 12%
Correct Answer
B. 12% and 12%
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EPF Act 1952: both employer and employee contribute 12% of basic wages (basic salary + dearness allowance). Of employer's 12%: 8.33% goes to EPS (Employees' Pension Scheme) and 3.67% to EPF. Threshold: applies to establishments with ≥20 employees; wage ceiling for exemption removed in 2014.
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