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EPFO may provide housing facility to subscribers

Currently, all workers covered under the EPFO schemes, pay 12% their basic wages toward PF contribution every month

January 14, 2014 2:59 IST | India Infoline News Service
Employees' Provident Fund Organisation (EPFO) on Sunday said that the retirement body can deduct extra 10% of their basic wages over the mandatory contribution of 12% made by them at present.

According to EPFO, the money deducted can be used to provide housing facility to the employees.

Currently, all workers covered under the EPFO schemes, pay 12% their basic wages toward PF contribution every month. The basic wages include basic pay and dearness allowance.

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