Summary:
The employer are liable to pay only employer share of PF along with the simple interest at the rate of 12%. The average wages paid in these sectors would be in the rage of Rs 15,000, which is enough to enroll the employees under PF. "We have lined up seminars and meetings with the industries, units, associations and the giant industries in the Hazira belt. If the employers are opting for the declaration scheme then they can actually save almost 70 per cent from their actual liability. After March 31, 2017 we will start the assessment process across the city" said Verma..