Register To Attempt Complete Test
An employee joined a company on 01.04.2004 in the salary grade of Rs 8,000-500-9,500-750-12,500 with a basic salary of 9,000. He is due to retire on 31.03.2007. He contributes 10% of his basic salary to an EPF scheme. His employer contributes an equal amount. If, on retirement, he gets the full amount of his share of the EPF and 50% of the employer’s share, what is the amount of EPF received by him, ignoring any interest on the deposits?