Any renovations or repairs to your current home are permitted. A member may withdraw up to one year’s worth of salary. The member must complete five years of service for the aforementioned bonus or ten years for repairs. On Medical Emergency ...
When is the EPF calculated? Who defines the interest rate on EPF? When is the EPF interest credited? Are there any taxation charges on the interest earned on EPF? What is the current interest rate on EPF?
Our article,Salary, Net Salary, Gross Salary, Cost to Company: What is the difference, explains it in detail.The formula and payslip showing salary are shown below. Gross Salary = Basic Salary + Allowances + Perquisites + Fees, Commission and Bonus + Variable Pay+ Retirement Benefits (EPF/N...
Variable payouts such as performance bonus, variable pay, and gratuity. Stock Options: ESOPs, or, Employee Stock Options are the other incentives offered. Here, the company provides you with an option to purchase some company’s stock at a fixed price (also called exercise price) on a future...
balance in the account of Mr.A during the preceding 12 months. Assume his EPF balance for the last 12 months is Rs.1 lakh. Then 50% of this is Rs.50,000. However, the maximum ceiling is Rs.1.75 lakh. Hence, his nominee will receive Rs.50,000 as a bonus but not Rs.1.75 lakh....
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