Which of the following statements are true/false?<br>1. Employees Provident Fund Act, 1952 is applicable to every establishment in which twenty or more persons are employed.<br>2. Basic wages means all emoluments which are earned by an employee while on duty or on leave or on holidays with wages.<br>3. Basic wages include dearness and House Rent Allowance (HRA).<br>4. Employee shall pay 10% per of the basic wages, dearness allowance and retaining allowance (if any) to Employee Provident Fund Scheme.

Correct Answer: 1, 2 are true and 3, 4 are false