As part of the measures taken by the government due to the COVID-19 pandemic, Finance Minister Nirmala Sitharaman announced on May 8 that monthly the Employees' Provident Fund (EPF) contributions of both the employers and employees were to be reduced to 20 percent from 24 percent for the months of May, June and July 2020. It was under the Atma Nirbhar Bharat package.
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