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What is the provident fund amount that employers should contribute?
Wiki User
∙ 10y ago
12% of the basic salary paid out to the employee
Wiki User
∙ 10y ago
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How many staff should be in a company to start provident fund?
how many staff should e in a company to start provident fund
What should parent who moves out contribute to child prior to divorce?
They should contribute the same amount as they would if the family was intact. Many states base their child support guidelines on that concept.They should contribute the same amount as they would if the family was intact. Many states base their child support guidelines on that concept.They should contribute the same amount as they would if the family was intact. Many states base their child support guidelines on that concept.They should contribute the same amount as they would if the family was intact. Many states base their child support guidelines on that concept.
You want to withdraw your provident fund how should you do?
You can submit a written request for withdrawal to your employee or your regional provident fund office. Remember: You can withdraw only a portion of your PF balance if you are employed. Only if you are currently not employed, the PF amount would be settled in full.
Should absconded employees be given provident fund?
No, it is not required. You need to pay provident fund only to people who are regular employees and not people who have left the company or absconded.
What percent should you deuct in Provident fund challan?
12% of the basic salary
How many percentage of provident fund should be deducted according to the rules of Pakistan?
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%
What is employee's provident fund?
The EPF is created by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Indian Government under the Labor and Employment Ministry. It states that an organization having 20 or more permanent employees on its payroll, should register with the EPFO. A Provident Fund is a fund that is created, through contributions, to provide financial support to individuals in their future (Specifically for post-retirement). The Employee Provident Fund is just such a fund. Contributions are made on a monthly basis, by both employees and employers, thereby encouraging employees to save a portion of their salary each month. Investments made by millions of employees across India are pooled together and invested by a trust.
What does the term self managed superannuation funds refer to?
The term "Superannuation" often refers to the amount employees feel they should receive by their employers at their annual salary review. Some employers ask their employees to grade themselves and come up with a figure they feel they should be paid.
Does provident bank offer overdraft protection?
Provident bank does offer overdraft protection. You should go to your local bank and ask for more information so that you know everything to know about it before trusting their claim.
What should you put on your science project about cellphones?
An idea that can be used is the way that cellphones can contribute to cancer after a certain amount of possible time.
How many percentage of provident fund should be deducted according to the rules of India?
12% of the basic salary paid
What is a provident Fund?
What is the Employee Provident Fund (EPF)?The EPF is created by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Indian Government under the Labor and Employment Ministry. It states that an organization having 20 or more permanent employees on its payroll, should register with the EPFO.A Provident Fund is a fund that is created, through contributions, to provide financial support to individuals in their future (Specifically for post-retirement). The Employee Provident Fund is just such a fund. Contributions are made on a monthly basis, by both employees and employers, thereby encouraging employees to save a portion of their salary each month. Investments made by millions of employees across India are pooled together and invested by a trust.The EPF is a tax free investment instrument for the salaried class. Interest earned on it is tax free, and returns are also not taxed. You also get a deduction under Section 80C for contributions made towards your EPF.
