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Can a company deduct provident fund from employee's salary without providing account number of respective Pf account number?
Wiki User
∙ 14y ago
No. The moment they start deducting PF from your account, they are bound to disclose the PF account number to the employee. It is our right to know where our money is being deposited.
Wiki User
∙ 14y ago
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Who is maintaining contributory provident fund account of tamilnadu govt employees?
The government of Tamil Nadu
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.
Is provident fund employees asset and are you right to ask your provident fund balance?
Provident Fund is a portion of our salary that our employer deducts every month. This money is remitted to the government of India's PF trust. This money is used by our government for its cash needs. Once we retire or close our PF account, the money that has accumulated against our name would be given back to us. The money in our PF account grows at the rate of 8.5% per annum compounded every year.Yes it is an asset for you and you have all rights to ask your provident fund balance.
Can we open PPF account of employee in company instead of PF account?
No. This cannot be done. A PPF Account is not mandatory for employees from an employer perspective but a PF account is. The government Mandates Provident Fund deduction for all permanent staff of companies. The PPF is a service which is available for interest citizens but it is not mandatory.
How do you close the Provident Fund?
Hi, Download Form - 19 from www.epfindia.nic.in. Fill the form correctly and send the it by Courier to the respective PF Office, where your PF account is maintained. The money from your PF account will be credited to your bank account, as provided by you in the form - 19 within 4-6 weeks. - Sridhar Tirukovela
How do you update dob in pf account details?
how to change the date of birth in my provident fund account
How do you withdraw Employees Provident Fund without the signature of the employer?
You can try visiting your nearest PF office and provide them with proof of PF being deducted from your salary and credited to your account. They may be able to help you with this.
How can you check your coal mines provident fund account balance?
The coal mines provident account balance can be checked by the finance officer. The financial officer usually publishes the statements after six months or one year.
Does provident bank require a minimum balance in a personal checking account?
Provident Bank does offer a totally free checking account without a minimum balance. This type of account also offers no fees, unlimited check transactions and no charge for deposited items.
How many nominees can be made in a public provident fund account?
As many as you want.
What is cemtex department?
I doubt that it is related to your EPF (employee provident fund). So money is debited to the bank account which you would have asked to debit your provident fund money.
Can one voluntarily add additional cash toward the provident fund?
Yes and No. There is a scheme called Voluntary Provident Fund or VPF wherein you instruct your employer to deduct extra money and put it into your PF account. This is the only way you can add additional cash towards the Provident Fund account. You cannot add money any other way
