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Employee Provident Fund
A category for Employee Provident Fund, a retirement scheme for Private Sector Employees
270 Questions
I doubt that it is related to your EPF (employee provident fund). So money is debited to the bank account which you would have asked to debit your provident fund money.
What is the procedure to check your provident fund status?
From Provident Fund office they will send an annual slip showing the balance of your PF account with interest to your Employer yearly. You can collect it from your employer. Rgds, Sankar.
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.
How can calculate provident fund?
Every Month a portion of your Salary is deducted towards EPF - This will be referred to as "Employee Contribution". Your employer too contributes a certain amount every month towards EPF - This will be referred to as "Employer Contribution".
Employee Contribution: 12% of your Basic Salary + DA (Comes out of your Salary)
Employer Contribution: Another 12% of your Basic Salary + DA (Comes out of your Employers Pocket)
Does Employee Provident Fund attract any income tax at source in India managed by a trust?
No. All contributions to the Employee PF account are non-taxable. However, note that if you withdraw your PF corpus before completion of 5 full years of service, the amount withdrawn is fully taxable
Whether ctc included employee pf and employer pf?
Yes. CTC includes both Employee and Employer PF contributions
If you are resigning before completing 5 years of service then yes, the amount you withdraw is taxable. The tax is not 20% but instead, the amount withdrawn is added up with your annual salary and taxed according to the prevailing tax slabs
What is minimum deposit in a public provident fund is how many rupees per year?
There is no such minimum number. It should be 12% of your basic salary thats all. If your basic is 1000 rupees then even Rs. 120 can be contributed every year
How can you get your provident fund account number if your company doesn't exists anymore?
If you have any proof that PF was contributed on your behalf by your old employer, take that and visit the nearest EPF office and submit a request. Without any proof - it will be extremely difficult to get your account details
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.
How can you know the amount in pf account no GJSRT3559518?
If you are the account owner you can register in the EPF India website and register to check your balance online.
Can you know your pf amount with pf number entered through net?
Hi, Each year most companies give a PF statement to their employees. If this has not been given to you, you need to find out who your PF trust is and what your PF id and you need to get in touch directly with the PF trust to get your account statement. Alternatively, you can ask your previous company to get it for you. Cheers!
What is the basic salary for a skateboard photographer?
it can alter to what you do. If your a freelance photographer, you can charge £15p/hour when you start and after a couple of jobs so you have a bigger portfolio, raise your cost to £25p/hour
I already sent a EPF withdrawn letter through my employer. I want to know how to track down the status of the same.
Go to the EPF India website, create an account using your PF Account details and check it online
