0
Is tax deducted from provident fund of an employee at the time of voluntary retirement?
Wiki User
∙ 10y ago
No
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Is there any tax on general provident fund received on retirement of government employee?
No
How do you know cm-pf number of voluntary retirement employee?
If you are the employee, you can check with your employer or visit the regional epf office to find out the pf account number
How do you maintain our Employee Provident Fund record?
The Employee Provident Fund record is maintained by the EPF Organization and a copy of the latest statement will be provided to both the employee and employer as requested
Is Honorarium attracts Employee Provident Fund?
No
What journal entry for provident fund?
To record employee contributions to the provident fund: Debit Provident Fund Expense and Credit Employee Contribution Payable. To record employer contributions: Debit Provident Fund Expense and Credit Employer Contribution Payable.
What is provident fund in salary?
The Government wants to tell us the importance of routine saving over a long time. This lumpsum given during retirement can be used by the employee to continue his life without being financially dependent on anyone and stand on his own legs...
What is the objective of Employee Provident Fund?
The Government wants to tell us the importance of routine saving over a long time. This lumpsum given during retirement can be used by the employee to continue his life without being financially dependent on anyone and stand on his own legs...
Does the company or union decide witch Provident Fund to have in a company?
No. The government has the Employee Provident Fund which is mandatory for all employees of companies in India
Which of the following is not deducted from an employee's payroll?
Property taxes
If the provident fund administrator returns contributions does the employer then refund both the employee and employer contributions to the employee?
Yes.
Retirement gratuity money sent Employee Provident fund Why Taxed?
If the money was withdrawn before completing 5 full years, it is taxable otherwise it is not. It may have been a mistake. Raise a grievance with EPF Office and get it sorted out
What does buyout mean?
Typically buyout means a financial incentive offered to an employee in exchange for an early retirement or voluntary resignation
