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When was the Employees Provident Fund Organization of India formed?
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∙ 10y ago
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When was All India Defence Employees Federation created?
All India Defence Employees Federation was created in 1953.
What is Muslim Students' Organization of India's motto?
The motto of Muslim Students' Organization of India is 'And Be with the Truthful'.
What is the motto of Muslim Students' Organization of India?
The motto of Muslim Students' Organization of India is 'Kunu Ma'sassadeqeen'.
What international organization does India belong to?
world health organization
How is a government formed in India?
The government of India is democratic, the citizens of India choose their president through the ballot.
Who governed Indian Airlines Employees Provident Fund?
The EPF Organization of India
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 is the minimum required number of employees for under Employee's Provident Fund Act in India at present?
20 employees required for enrollment in provident fund scheme
Does the company or union decide witch Provident Fund to have in a company?
No. The government has the Employee Provident Fund which is mandatory for all employees of companies in India
Is there a database of provident fund members?
Yes, and it is maintained by the EPF India website/organization
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.
What is contributory 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. 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.
Who owns provident fund?
Government of India
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
What is provident fund in salary?
The Government wants to tell us the importance of routine saving over a long time. This lumpsum given during retirement can be used by the employee to continue his life without being financially dependent on anyone and stand on his own legs...
How shall you write an Official letter to the bank asking to reduce the high charges imposed on the employees employers provident fund?
Employee Provident Fund is maintained by the EPFO India and it is not a bank. So, if you write any letter to any bank about EPF, nobody will respond to you
Recent trend of reward system in India?
Recent trend of reward system in India has focuses on retaining and motivating employees and leadership. It also seeks to communicate an organization's values to its employees.
