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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
When was Central Provident Fund created?
Central Provident Fund was created in 1955.
Which one is better between voluntary provident fund and public provident fund?
VPF
How many FDI in provident fund?
None. The Indian government does not allow FID in provident fund
Can a pvt limited company hold the provident fund of an employee after resignation?
No. After an employee resigns, the money has to be either paid out to the employee or transferred to his new employer - as per the request of the employee
Is there necessary to sign of previous employer to get provident fund?
Yes. The Employers signature/attestation is required to get the provident fund
Can a loan shark draw you're provident fund form your bank account without your consent?
No
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.
How many staff should be in a company to start provident fund?
how many staff should e in a company to start provident fund
Is Government Provident Fund money falls into Riba category?
Yes, the interest paid by provident fund will fall into riba category
What is the expansion of pF?
Provident Fund
Can you deduct provident fund on conveyance?
No
