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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)
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What is the difference between employer's provident fund and employees provident fund?
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
When was Central Provident Fund created?
Central Provident Fund was created in 1955.
What is the interest rate on unrecognized provident fund?
There is no such thing as an Unrecognized provident fund. The rate of interest on provident fund in India is 8.6% per year
Which one is better between voluntary provident fund and public provident fund?
VPF
How many FDI in provident fund?
None. The Indian government does not allow FID in provident fund
How can calculate provident fund?
If basic salary is Rs. 10000 the PF is 1200. It is 12% of the basic salary
Is there necessary to sign of previous employer to get provident fund?
Yes. The Employers signature/attestation is required to get the provident fund
What is contributory provident fund?
12%
What is the expansion of pF?
Provident Fund
Can you deduct provident fund on conveyance?
No
When provident fund is implemented?
1952
How many staff should be in a company to start provident fund?
how many staff should e in a company to start provident fund
