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    Question

    What is the maximum contribution rate for employers and

    employees under the Code on Social Security of India, 2020?
    A 10% Correct Answer Incorrect Answer
    B 12% Correct Answer Incorrect Answer
    C 14% Correct Answer Incorrect Answer
    D There is no minimum contribution rate Correct Answer Incorrect Answer

    Solution

    Both the employer and the employee will need to contribute 10% of the wages of the employee to the provident fund. The employee may contribute more than 10%, provided that the employer is not obligated to contribute more than 10% of the wages of the employee to the provident fund.

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