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In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above.
Employees' Provident Fund ( EPF; Malay: Kumpulan Wang Simpanan Pekerja, KWSP) is a federal statutory body under the purview of the Ministry of Finance. It manages the compulsory savings plan and retirement planning for private sector workers in Malaysia. Membership of the EPF is mandatory for Malaysian citizens employed in the private sector ...
The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike, [3] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [4]
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As Microsoft makes Xbox Live an entertainment service that spreads across more platforms (including Switch, Android and iOS), it's also relaxing the naming scheme. Since it's been in operation ...
It seems very unlikely, with the latest example coming from Glassdoor, which published people's real names without their consent, ArsTechnica reports. That's right, the site specifically designed ...
A new portrait of King Charles III has been unveiled in honor of Armed Forces Day on Saturday, June 29, in the U.K. The portrait, a photograph taken by Hugo Burnand in Windsor Castle in November ...
The company isn't sure yet, but one tech journalist argues fact-checking isn't the answer. The Information's editor-in-chief Jessica Lessin penned an op-ed for The New York Times this week ...