sir, can I break up minimum wages limit into baic salary and allowances for calculation of pf contribution by employee and employer, e.g. if minimum wages limit is Rs.10000/pm can I break up this limit and offer wages as Basic pay Rs.8000 and HRA Rs.2000. in this case pf contributi...
If you don’t meet these conditions then you have to go offline and submit the EPF withdrawal form to your previous organization. Our articleEPF Withdrawal: How to withdraw from EPF and EPSexplains the offline process through the previous employer and also without the employer. Select the claim...
“single employer” is referred to as the “Ownership Limit”), then, to the extent the reason the Fiat Group exceeded the Ownership Limit was as a result of its ownership of Company LLC Interests or other economic rights, then the number of Covered Interests subject to the Call Option ...
EPF and PPF are very similar to one another as they are both made for the purpose of obtaining funds at retirement. EPF is, however, mandated by government for any salaried employee, whereas PPF is a voluntary deposit that can be made by any salaried or non-salaried individual. Due to th...
In the case of EPF employee’s contribution to EPF is 12% of Basic Salary + Dearness Allowance (DA), and a similar percentage is contributed by the employer. On the contrary, a minimum ₹ 500 and maximum ₹ 1,50,000, is allowed to be invested in PPF in a financial year. ...
In EPF, an employee has to contribute 12% of his basic pay towards his provident fund account. An equal amount is contributed to by his employer. Apart from contributing the normal 12% of his basic pay, an employeemayvoluntarilychoose tocontribute more than 12% he can do so up to100% ...
Solution:You can redo the Bank KYC and get it approved by your employer. Then apply for the PF claim. EPF is Settled but returned In this scenario, the PF department initiates for the settlement of your PF claim, however, due to the incorrect bank details or the IFSC Code, the amount ...
In EPF, 24% of an employee’s salary is diverted to the EPF as a mandatory retirement saving scheme.There is no clarity on how the amount mandatorily deducted from the employer’s contribution and put into the EPS will be invested. But we guess it would also be invested in NPS like Gov...