We made changes to revert the EPF contribution rate to 12% for both the employers and employees from the month of August. This is in accordance with the temporary COVID-19 relief measure proposed by the Governm
Basic Salary: As the name suggests, this forms the very basis of salary. This is the core of salary, and many other components, ex HRA, are calculated based on this amount. It usually depends on one’s grade within the company’s salary structure. It is afixedpart of one’s compensati...