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It is a retirement planning scheme that is made mandatory by the government of India to all organizations that employ more than 20 employees as per their pay roll.
As per the PF act, a portion of the salary (Usually 12% of the basic salary) is deducted every month from the employees salary and deposited with the government PF trust. This money would be paid to the employee when he retires or when he quits his job and stops working.
Wiki User
∙ 15y ago
Wiki User
∙ 11y agoHi
Before this, I have already, discussed this matter with some one else. most of people are facing this problem.
People are not getting their PF money or its take too late.
but, do you know what is the reason behind that,
If your facing this kind of problem, try follow below mentioned ways.
ask to your ex- organization, your PF withdrawal form has submitted or not ? If yes, so, ask them about the acknowledge copy of same..
because, mostly people don't know is that, their employer has submitted their PF form to PF dept. or not..? they thing, they have submitted their pf form to employer that, their responsibilities are completed. but not. some time employer have not submitted the same but, give the wrong information to employees as It has submitted.
Or If PF form has submitted to PF dept. but, in case there is some problem in that, so, PF dept. will send back that form to employer for proper answer. but, some times employer ignore it or not able to give any reply on that.
Delay in getting the PF amount, there are many reasons, so, you have to find out with your ex-employer or PF dept.
Wiki User
∙ 11y agoWhen you retire or leave the job with the employer
Wiki User
∙ 11y agoYes, if your company has more than 20 employees.
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Is it a good idea to use funds from your provident fund to put a deposit down on your first house?
No. The funds in your PF Account is for retirement and not to fund your regular expenses
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The Provident Fund Commissioner requires the use of special forms to show cause in the notice to employer for employee Provident Fund claiming. The form is available at the PFC office.
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Provident banks in Nj does not have a swift code, they only use the routing #.
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A provident loan is a personal loan, not a company loan. This makes it impossible to answer this question correctly since there are no companies using these loans.
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No
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scheme is where you make plans
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Sentence with 'provided': you will be allowed entry to the club provided you become a member of it.
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That scheme is really great. Do not invest in fraud Schemes.
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A Chit Fund fraud is a type of financial fraud that can be very damaging to individuals and businesses. It involves an illegal activity in which funds are stolen from a Ponzi or Pyramid Scheme and deposited in an account owned by the participants of the scheme. This type of fraud is unfortunately commonplace throughout India, and it is a major problem that affects many people. Typically, a Chit Fund fraud will involve a group of investors who contribute money to a fund. These funds are invested in properties, stocks, shares, or other investments which can potentially provide returns that are greater than the original amounts invested. Unfortunately, it is often the case that the scheme is run by unscrupulous agents who will use deceitful and illegal tactics to deceive investors of their funds. Common tactics include promising high returns, withholding information about the risks of the investment, and even creating false financial statements. To protect yourself from being a victim of Chit Fund fraud, it is important to be aware of the potential red flags of such a scheme. A Chit Fund fraud lawyer can help to identify these warning signs, such as documents that are unclear, financial statements seemingly falsified or misrepresented, or promises of high returns that seem too good to be true. The consequences of being a victim of such fraud can be serious and long-lasting, which is why it is essential to take appropriate steps to protect yourself and do your due diligence if you choose to invest in a Chit Fund scheme. A Chit Fund fraud lawyer can help to provide advice and guidance and can also help to put in place measures to protect you from financial loss.
How can you use scheme in a sentence?
The bank also operates a small unfunded pension scheme.
Does I dwell in possibility use abab rhyme scheme?
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