None. The Indian government does not allow FID in provident fund
how many staff should e in a company to start 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
Central Provident Fund was created in 1955.
VPF
As many as you want.
Yes. The Employers signature/attestation is required to get the provident fund
In pakistan Provident fund should be deducted according to the rules that is very from 8% to 12%.which also include the admin charges which are deducted from the fund which are 1.47%
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.
Yes, the interest paid by provident fund will fall into riba category
Provident Fund
1952
No