The document announces relief measures for EPF contributions and non-refundable advances under the Pradhan Mantri Garib Kalyan Yojana. It provides that the Central Government will pay both the employee and employer EPF contributions (24% of wages) for three months to provide liquidity of Rs. 6,750 crore. It also reduces the statutory EPF contribution rate from 12% to 10% for May, June and July 2020 to benefit 4.3 crore employees. Eligible employees can claim a non-refundable advance of up to 3 months of basic salary and DA or 75% of their EPF balance.

1. - Press Release dated 28
March,2020 for PMGKY (Pradhan
Mantri Garib Kalyan Yojana)
• Entire employees EPF
contributions (12% of wages)
and employers’ EPF & EPS
contribution (12% of wages),
totaling 24% of the monthly
wages is being contributed by
the Central Govt
• Liquidity of ₹6,750 crore to
employers and employees over
three months
Press Release dated 19th may,
2020 for others
• Reduction in statutory rate of
contributions from 12% to 10%
for wage months May, 2020,
June, 2020 and July, 2020
• Intended to benefit both 4.3
Crore employees/members
and employers of 6.5 lakhs
Non refundable advance
provided to Employee (dt
27.3.20)
• Lower of following can be
claimed:
• 3 month basic salary and DA
• Up to 75% of balance in EPF
CA Ankur Lakhiwal
Mob 8010898029
Major Relief IN EPF