Comment on the following based on legal Provisions (no marks for wrong reasons or justification):
An employee desirous to contribute 20% of salary as against 12% towards P.F. contributions (8% being voluntary) and demand that employer shall also contribute 20%.
1 Ans Theory, Brief, Describe, Marks - 2
Suresh Cwa 2013-11-20 06:12:48 |
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As per section 6 of the EPF & Misc Provisions Act 1952, the employees may opt to contribute voluntary over and above, the statutory rate of 12% / 10%.
However employer does not have to match the voluntary contribution over and above the statutory rate.
Hence the employee cannot demand for matching contribution.
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