Employee Provident Fund

Provident Fund

You can have only one PF Account per person currently. Having more than one active EPF Account is illegal in India

A private investment vehicle whose manager receives a significant portion of its compensation from incentive fees tied to the fund's performance -- typically 20% of annual gains over a certain hurdle rate, along with a management fee equal to 1% of assets.

The funds, often organized as limited partnerships, typically invest on behalf of high-net-worth individuals and institutions. Their primary objective is often to preserve investors'capital by taking positions whose returns are not closely correlated to those of the broader financial markets. Such vehicles may employ leverage, short sales, a variety of derivatives and other hedging techniques to reduce risk and increase returns.

The classic hedge-fund concept, a long/short investment strategy sometimes referred to as the Jones Model, was developed by Alfred Winslow Jones in 1949.

12% of your basic salary is deducted as PF every month and remitted with your EPF account. This amount will be given to you either when you retire or when you resign from your job. You can also withdraw it for certain occasions in between

First you must visit your previous employers and get a letter stating that PF was deducted from your salary and was remitted against a particular account. With this information, you need to take the details of your current PF Account and visit your nearest PF office and get them merged into one.

Note: It is not correct to have multiple PF accounts for one individual. So you need to get them merged at the earliest.

Not much because its a LEDC country

PF and Gratuity are two schemes designed to benefit the employees of the private sector.

In PF a small portion of the employees salary is deducted and deposited with the government PF office and at the time of retirement it is paid as a lump sum to help the employee lead his life peacefully in spite of retirement and loss of monthly income.

Gratuity is a scheme to motivate people to serve for longer durations with the same employer. Anybody who has served an organization for more than 5 years is eligible for Gratuity. A portion of your last drawn salary would be multiplied with the number of years of service and paid out to you when you leave an organization after years of service.

Epfo Bangalore raja ram mohan roy road, Bangalore enquiry number is 22238033 extension number is 503.

yes

personal foul

In pakistan

Provident fund should be deducted according to the rules that is very from 8% to 12%.which also include the admin charges which are deducted from the fund which are 1.47%

To check your Seaman Provident Fund (SPF) account, you can visit the official website of the Seafarers' Provident Fund or the relevant authority in your country. Typically, you'll need to log in using your credentials or provide your seafarer registration number and other personal details. Some countries may also offer mobile apps or helplines for easier access to account information. Always ensure you are using official channels to protect your personal information.

Assuming you are asking about an "Imprest" Petty Cash account with a nominal balance of $174, an actual cash content of $25, and receipts representing $137 in legitimate purchases, the entry would be something like the following: Debit Expense Accounts (itemized according to nature of receipts): $137
Debit Expense Account "Petty Cash Shrinkage" (or whatever it is called in your system): $12
Credit Petty Cash: $149
Note: Recognize Petty Cash Expense Debit Petty Cash: $149
Credit Checking (or wherever you get the cash from): $149
Note: Restore Petty Cash to Imprest level ($174) OR the composite equivalent entry: Debit Expense Accounts (itemized according to nature of receipts): $137
Debit Expense Account "Petty Cash Shrinkage": $12
Credit Checking: $149 Hope this helps

8.6% per annum compounded annually

Provident Fund Total Rs. 12%

Employee Rs. 3.67% Pension Rs. 8.33%

If you are part of the National Provident Fund - You can visit your nearest EPF office or try to check your balance online in the EPF website.

If your company has thousands of employees and has its own PF fund, then you need to contact your employer

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.

You cannot. You are not supposed to have two pf account numbers. If you switch jobs, you are supposed to either transfer or close the old pf account

Eitherways you can get the account number from your employer

You should either contact your employer's finance department or check with the regional pf office or check in epf india's website after registering

It depends on how long you have had the PF account and why you are withdrawing it. Refer to the link in the related links section to understand the rules.

You can either contact your employer or visit the regional pf office in your area and request them to search for your account by providing your details like name, date of birth, employer info etc