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Do company require PPF registration?
No, companies are not required to register for PPF. The Public Provident Fund (PPF) is a voluntary savings scheme designed for individuals to encourage long-term savings and earn tax-free interest. It is primarily a personal investment account and is not linked to employment, nor does it require any mandatory contribution from the employer. Employees can open and maintain their own PPF accounts independently, either through a bank or post office, and the contributions are entirely at their discretion. Companies have no legal obligation to register, contribute, or manage PPF accounts on behalf of their employees. Essentially, PPF is an individual-focused financial instrument, and corporate participation is neither mandatory nor required for compliance purposes. To know more about PPF, PF, consult a payroll expert e.g. Setindiabiz!
Can a company open PPF account for employee instead of PF account?
No.
Can we open PPF account of employee in company instead of PF account?
No. This cannot be done. A PPF Account is not mandatory for employees from an employer perspective but a PF account is. The government Mandates Provident Fund deduction for all permanent staff of companies. The PPF is a service which is available for interest citizens but it is not mandatory.
Why is PPF negatively sloped?
why PPF in economics is negatively sloped
Balance of ppf account?
When you open your PPF Account you will get a pass-book which will be updated everytime you make a transaction. These days, when you open a PPF account, the balance is available online. Check with the bank that helped you open the PPF Account. They will help you with it
What is the difference straight ppf and concave ppf?
If the opportunity cost is constant, the PPF is a straight line; when the opp. cost of a good rises when it is produced more, then concave.
What does PFF mean in economics?
You must mean PPF? PPF: Production Possibilities Frontier.
What causes ppf to be a straight line?
when the oppotunity cost is a constant the PPF will be a stright line
What is the journal entry for Provident fund in accounts?
Salary a/c Dr. To employee a/c To ppf a/c ppf a/c (employer)Dr ppf a/c (employee)Dr To bank a/c
What are the three coordination tasks of any economy?
Reaching the PPF, Deciding which point on the PPF, How and how much to distribute to consumers
What does ppf stand for?
Public Provident Fund or PPF is a scheme that was introduced by the Government of India in the year 1980. Ever since that year, PPF has been a preferred choice for investment for the risk averse investor. Assured and Tax Free Returns make PPF even more attractive. The PPF is just like the regular Provident Fund Account that salaried employees get throughout India. The only difference being, the PPF account can be opened by anyone and contributions can be made as per their preferences. The money saved in the PPF Account is backed by the Government of India and hence it is practically Risk Free. The money in the PPF Account earns interest just like the PF account which will be credited into our account by the Government.
What is the ppf in investment?
Public Provident Fund or PPF is a scheme that was introduced by the Government of India in the year 1980. Ever since that year, PPF has been a preferred choice for investment for the risk averse investor. Assured and Tax Free Returns make PPF even more attractive. The PPF is just like the regular Provident Fund Account that salaried employees get throughout India. The only difference being, the PPF account can be opened by anyone and contributions can be made as per their preferences. The money saved in the PPF Account is backed by the Government of India and hence it is practically Risk Free. The money in the PPF Account earns interest just like the PF account which will be credited into our account by the Government.
