What is the Contribution for Provident Fund both by the Employer & Employee?
The Employee contributes 12% of his /her Basic Salary & the same amount is....
Is it Compulsory for the all the employees to contribute to the Provident Fund?
Employees drawing basic salary unto Rs 6500/- have to compulsory contribute to the Provident....
Is it beneficial for employees who draw salary above Rs 6501/- to become member of Provident Fund?
Yes because provident fund contribution by the employer &....
What if an employee while joining establishment has a basic salary of Rs 4200 and after some period of time his basic salary increases above Rs 6501/-, does he have an option to terminate his member ship form the Provident fund act?
Employee who while joining the organization has a basic salary above....
What is the contribution percentage to the Provident fund and Pension Scheme?
Employer’s contribution of 12% of basic salary is totally deposited in....
Which form has to be filled while becoming member of provident fund?
Nomination Form No 2 has to be filled to become a....
Which form has to be filled while transferring provident fund deposit?
You just have to fill form no 13 to transfer....
What is the provision of the scheme in the matter of nomination by a member?
Each member has to make a nomination to receive the amount standing....
When is an employee eligible to enjoy pension scheme?
For an employee to become eligible for Pension fund,....
What does it mean by continuous service of ten years?
When we say continuous service of 10 years in Employee Pension Fund,....
When can an employee avail the benefit of Employee pension fund scheme which he has contributed during his ten years of continues service?
An employee can avail the benefit after....
What happens to the provident fund & Employee Pension fund if an employee who wants to resign from the service before completion of ten years of continues service?
Employee can withdraw the PF accumulations by filling Forms 19 &....
What is this 19 & 10C form?
Form No 19 is for Provident fund withdrawal &....
Do we get any interest on the amount which is deposited in the Provident Fund account?
Compound interest as declared by the Govt. is....
What is the accounting year for Provident fund account?
Accounting year is from March to February....