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    Question

    Which of the following statements is incorrect regarding “Employee provident fund organization”?

    A It is a statutory body. Correct Answer Incorrect Answer
    B There was a provision related to the employee pension scheme in Employee provident fund and miscellaneous act 1952. Correct Answer Incorrect Answer
    C Employer and employee share 12-12% in the “employee provident fund”. Correct Answer Incorrect Answer
    D The entire contribution of the employee goes to EPF while the 12% contribution made by the employer is divided as 3.67% in EPF and 8.33% in EPS. Correct Answer Incorrect Answer

    Solution

    There were no provisions related to the employee pension scheme in Employee provident fund and miscellaneous act 1952.

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