Sunday, December 15, 2013

EPFO caps pension contribution of firms

Employees Provident Fund Organisation (EPFO) has decided to not allow employers contribute
higher than the mandatory amount towards its pension scheme in fresh cases. This amounts to
capping the employers’ contribution to employees’ pension at Rs 541 per month The Supreme Court of India has said that medical profession is a noble profession dedicated to the service of society and therefore doctors cannot be classified as “workmen” entitled to invoke the Industrial Disputes Act.

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