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Question

As per the Employees Provident Funds and Miscellaneous Provisions Act, 1952 the employees contribute a total of ________ to the funds established under the schemes prescribed by the Central Government.

A
15% of their basic salary plus dearness allowance
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B
15% of their basic salary plus allowances
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C
12% of their dearness allowance
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D
12% of their basic salary plus dearness allowance
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Solution

The correct option is D 12% of their basic salary plus dearness allowance
According to the employees provident funds and miscellaneous provisions act, 1952 the employees have to contribute a total of minimum twelve percent of their salary with dearness allowance to the funds established under the schemes prescribed by the central government.

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