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12y ago

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Which one is better between voluntary provident fund and public provident fund?

VPF


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.


Can NRIs invest in Public Provident Fund (PPF)?

Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per current regulations.


How do you update dob in pf account details?

how to change the date of birth in my provident fund account


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 Non-Resident Indians (NRIs) invest in Public Provident Fund (PPF)?

Yes, Non-Resident Indians (NRIs) are not eligible to invest in the Public Provident Fund (PPF) as per the current regulations.


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


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


How much can you invest yearly in public provident fund?

From min. 500/- to max. 100000 /-


What is rate of interest of ppf?

Public Provident fundThe Public Provident Fund Scheme is a statutory scheme of the CentralGovernment of India.The Scheme is for 15 years.The rate of interest is 8% compounded annually.The minimum deposit is 500/- and maximum is Rs. 70,000/- in a financial year.To know more you can checkhttp://tips4bsense.blogspot.com/2010/01/public-provident-fund-public-provident.html


Who is maintaining contributory provident fund account of tamilnadu govt employees?

The government of Tamil Nadu