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Budget 2024: One Month's Salary To 1st Time Employees As Registered In EPFO

Zee News Tuesday, 23 July 2024 ()
In a massive boost for youth entering the job market, Finance Minister Nirmala Sitharaman announced that government will make direct benefit transfer (DBT) of one month's salary in three installments to first-time employees as registered in EPFO. The amount will be up to Rs 15,000.
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News video: Budget 2024: Employees To Get One Month's Salary Free, Announces FM Sitharaman| Here’s How

Budget 2024: Employees To Get One Month's Salary Free, Announces FM Sitharaman| Here’s How 03:38

Finance Minister Nirmala Sitharaman introduced a novel scheme for new workforce entrants. Employees with monthly salaries up to Rs 1 lakh will receive a one-month salary as a Provident Fund contribution. This benefit, capped at Rs 15,000, will be distributed in three installments via direct benefit...

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