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Who is maintaining contributory provident fund account of tamilnadu govt employees?
The government of Tamil Nadu
What does DL in PF number stand for?
In a PF (Provident Fund) number, "DL" typically stands for "Delhi." The PF number is a unique identifier assigned to employees contributing to the Employees' Provident Fund Organization (EPFO) in India, and the "DL" prefix indicates that the account is registered in the Delhi region. This helps in the efficient management and tracking of provident fund accounts by location.
Is PF to be paid by the company into the employees account is deducted from employees salary?
No, the Provident Fund (PF) contribution is not directly deducted from the employee's salary. Instead, it is a statutory benefit where both the employer and employee contribute a percentage of the employee's basic salary to the Provident Fund account. The employer's contribution is a separate contribution made by the company, while the employee's portion is typically deducted from their salary before it is disbursed.
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.
Is provident fund employees asset and are you right to ask your provident fund balance?
Provident Fund is a portion of our salary that our employer deducts every month. This money is remitted to the government of India's PF trust. This money is used by our government for its cash needs. Once we retire or close our PF account, the money that has accumulated against our name would be given back to us. The money in our PF account grows at the rate of 8.5% per annum compounded every year.Yes it is an asset for you and you have all rights to ask your provident fund balance.
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.
How do you close the Provident Fund?
Hi, Download Form - 19 from www.epfindia.nic.in. Fill the form correctly and send the it by Courier to the respective PF Office, where your PF account is maintained. The money from your PF account will be credited to your bank account, as provided by you in the form - 19 within 4-6 weeks. - Sridhar Tirukovela
How do you update dob in pf account details?
how to change the date of birth in my provident fund account
How do you withdraw Employees Provident Fund without the signature of the employer?
You can try visiting your nearest PF office and provide them with proof of PF being deducted from your salary and credited to your account. They may be able to help you with this.
How can you check your coal mines provident fund account balance?
The coal mines provident account balance can be checked by the finance officer. The financial officer usually publishes the statements after six months or one year.
Does provident bank require a minimum balance in a personal checking account?
Provident Bank does offer a totally free checking account without a minimum balance. This type of account also offers no fees, unlimited check transactions and no charge for deposited items.
How many nominees can be made in a public provident fund account?
As many as you want.
