Every Month a portion of your Salary is deducted towards EPF - This will be referred to as "Employee Contribution". Your employer too contributes a certain amount every month towards EPF - This will be referred to as "Employer Contribution".
Employee Contribution: 12% of your Basic Salary + DA (Comes out of your Salary)
Employer Contribution: Another 12% of your Basic Salary + DA (Comes out of your Employers Pocket)
There is no such thing as an Employers provident Fund. There is only Employees provident fund and it is provided to help employees accumulate a retirement corpus
Central Provident Fund was created in 1955.
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
VPF
None. The Indian government does not allow FID in provident fund
If basic salary is Rs. 10000 the PF is 1200. It is 12% of the basic salary
Yes. The Employers signature/attestation is required to get the provident fund
12%
Provident Fund
No
1952
how many staff should e in a company to start provident fund