Multiple choice

The rate of contribution to PF in all industries and establishments has increased from 8.33% to 10% with effect from ____for both employers and employees.

  1. 2nd June, 1983

  2. 1st March, 1997

  3. 1st January, 1963

  4. 25th December,1952

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The Provident Fund (PF) contribution rate was increased to 10% for both employers and employees effective from March 1, 1997.