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Employee Provident Fund

A category for Employee Provident Fund, a retirement scheme for Private Sector Employees

500 Questions

How do you calculate rebate on pf?

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Asked by Wiki User

There is no rebate on PF. You only get tax benefits for PF contributions equal to the amount contributed subject to an upper limit of 1 lakh.

What happened to United Merchants and Manufacturers Inc employee retirement fund?

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Asked by Wiki User

What happened to United Merchants and Manufacturers Inc employee retirement fund?

Are the funds that are contributed into a pension fund by employer and employee taxable or nontaxable?

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Asked by Denren65

Depends...on the plan...if it is "qualified" under the IRS rules or not AND if the contribution is within certain limits (as a percentage of income, etc.).

Also, it is almost always TAXABLE...but generally not NOW. Which is to say it may not be taxable the year it was contributed, but it (and the earnings on it) generally are when they are withdrawn or received.

As a general rule - most employers plans (like a 401k - which is named after the section of the code that establishes the guidelines for it) are qualified...and contributions to them by either party are not currently considered income taxable (although they may be subject to social security tax)...but upon retirement and taking the $ out, that will be.

To complicate it more, not all States follow the federal rules for what they consider income or unemployment, etc. taxable. (When and how much the employer gets to deduct as a payroll expense can be a much more complex calculation...but the employer paid contribution (he gets nothing out), is a payroll expense at some time).

Can one withdraw their provident fund fom mibfa as you are now only contributing towards momentum pension fund?

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Asked by Wiki User

The best way to find out of one can withdraw their provident fund from MIBFA is to contact the source from which one opened the account. Another way to find out this answer might be to ask an accountant.

What is Form 3A?

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Asked by Wiki User

PF Form 3A is an Employee wise Annual report for the Amounts deducted/contributed by the Employee and the Employer towards the EPF, VPF and EPS Accounts.

Online tracking of Provident Fund?

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Asked by Wiki User

Yes, you can track your PF account balance online. go to the EPF India website and create an account using your pf account number and once complete you can view your details online.

How can you see if your company contribute to provident fund?

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Asked by Wiki User

Every year company will provide PF Statement which contains your PF Contribution amount, Company's Contribution amount, total amount and Interest

Is it legal for a company to request employees to stop contributing to a 401K because the company cannot provide the matching funds that were previously agreed on?

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Asked by Wiki User

Since "The Company" is asking nothing illegal from its employees in making such a request, there is nothing illegal involved by virtue of their request. What the officials of any company promise to employees is just a promise; and, things change. When it is no longer considered to be of benefit to a company to support such promises, revisions are made. In addressing these issues, it is not morality that is at stake--- it's business; and, there are a lot of things that may be "wrong" for a company to do that are in no way illegal. As far as the company asking the employees to avoid doing something which otherwise would be in the employees' interests to do, that's not illegal. If company policy provided you with "benefit-X" upon request, and the company decides to revise their benefits package to eliminate that option, there's nothing illegal about it--- regardless the reason the company might have for doing so. When it involves something like a 401-K plan, the details are a bit more intricate; but, there are never any "guarantees" for an employee that are not written in a black-and-white contract and/or supported by solid legislation. In the employment arena, the employer has the upper hand in most regards; and, it is best to remember one thing as you watch jobs and pensions and benefits packages evaporate around you this year: A promise is a promise is a promise, regardless of age...

How much provident fund will an employee get in case of quitting service after 17 years?

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Asked by Wiki User

It depends on what your salary was and how much money you put into the EPF account every month. This question cannot be answered without that information

How do you make withdraw from inoperative pf account?

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Asked by Wiki User

Shall i withdraw my pf amount from inoperative account

What is percentage of Provident fund?

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Asked by Wiki User

Starting April 2012, the rate of interest will be 8.25% instead of the 9.5% that was offered so far

Who owns provident fund?

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Asked by Wiki User

Government of India

What is a balance transfer check?

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Asked by Wiki User

Credit card companies send out checks that you can write to other creditors to pay off the balance. In turn, you get the balance of the other account transfered to your new account (the one who sent you the checks) and your old account is paid off.

What is minimum and maximum portion of basic salary will be duducted for provident fund and under what law?

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Asked by Kmfb

The minimum amount is 12% of your Basic Salary

There is no maximum amount. You can contribute any % of your salary into your PF corpus

What do Aggressive growth funds do?

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Asked by Wiki User

Aggressive growth funds seek to maximize capital gains, rather than current income

What is a provident Fund?

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Asked by Wiki User

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 were Franklin Templeton Funds' assets in 2000?

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Asked by Wiki User

Franklin Templeton Funds managed an asset base of $119 billion in 2000

How do you update dob in pf account details?

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Asked by Wiki User

how to change the date of birth in my provident fund account

How do you withdraw money from PF account?

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Asked by 137amit

You can withdraw money from your PF account by submitting a written request to your regional PF office with your PF Account number. The PF account is not like normal bank accounts and hence you cannot do it anytime and everytime you wish. You can make only 3 withdrawals throughout the duration of the PF accounts lifetime.

How do you check Employee EPF Balance?

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Asked by Wiki User

You can check your EPF balance from the finance department of your employer. Or, if you know your PF account number, you can check it online at the EPF website. Refer to the website in the related links section for details on how you can check it online.