https://www.taxtmi.com/news?id=27688 Implementation of three schemes creates an incentive framework tied to EPFO enrolment to promote formal employment: Scheme A provides a one-month wage via direct benefit transfer to first-time EPFO registrants within a specified salary ceiling; Scheme B subsidises EPFO contributions for both first-time employees and employers in manufacturing during the initial four years of employment on a prescribed scale; Scheme C reimburses employers a fixed monthly portion of EPFO contribution for additional employees across sectors within a salary ceiling for two years. Eligibility depends on EPFO registration and incremental job creation. en-us Tue, 23 Jul 2024 13:54:34 +0530 Tue, 23 Jul 2024 13:54:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=27688 Implementation of three schemes creates an incentive framework tied to EPFO enrolment to promote formal employment: Scheme A provides a one-month wage via direct benefit transfer to first-time EPFO registrants within a specified salary ceiling; Scheme B subsidises EPFO contributions for both first-time employees and employers in manufacturing during the initial four years of employment on a prescribed scale; Scheme C reimburses employers a fixed monthly portion of EPFO contribution for additional employees across sectors within a salary ceiling for two years. Eligibility depends on EPFO registration and incremental job creation. News - Tue, 23 Jul 2024 13:54:34 +0530 https://www.taxtmi.com/news?id=27688