“To incentivise employment of more women in the formal sector and to enable higher take-home wages, I propose to make amendments in the Employees Provident Fund and Miscellaneous Provision Act 1952, to reduce women employees’ contribution to 8 per cent for first three years of their employment against existing existing rate of 12 per cent or 10 per cent with no change in employers’ contribution,” Finance Minister Arun Jaitley said in his Budget Speech on Thursday Feb 01,2018
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