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Union Budget changes 2016-17

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Hi Experts,

 

Please provide any clarification regarding below points related to union budget changes 2016-17.

 

     1. PF employer contribution amount to be paid by Govt for 3 years based on conditions- Is it applicable to Only Govt employees or all having PF contribution.

     2. Employer PF contribution to be handled by Govt- how about the posting and contribution from payroll process perspective.

 

     3. PF contribution by Govt is for new joiners- new joining in company or new PF number as starting from fresher.

 

     4. Are the proposed changes being finalized for implementation.

 

Thanks & Regards,

RK.


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