This will also be applicable for senior citizens, which is quite sustainable since it would help to take care of their finances at their age.
Provident Fund is a retirement-cum-savings scheme.
.
Once the money has been deposited into the account by the employer, the interest accrual on the said contribution will start from June 1, 2020.
In addition, both you and your employees can choose to contribute more than the statutory contribution rate under.
Though such exemption is not available from 01.