Less EPF reduction & more salary under new rules | Political Top 20

The government, as per new rules, has announced that from now on the EPF deduction will be reduced, which means employees 'take-home salary' will increase. The government will bear the EPF for three months for the workers who have a salary of less than Rs 15,000. Also, TDS rate-cuts has also been reduced to 25%.

The relaxations were announced by FM Nirmala Sitharaman and Union Minister of State for Finance Anurag Thakur in a press conference on Wednesday.