How to transfer your EPF money onlineDeepti Bhaskaran
Bankratereports that liquid CDs are locked in at a fixed rate, but the owners are able to initially withdraw money at any time without a penalty. The bank determines the amount of withdrawals a person can make without incurring a penalty. For those who are deterred by the lack of liquidity...
Employee Contribution to EPF The employee pays 12% of their base salary and the Dearness Allowance each month into the EPF account. For instance, if the base salary is ₹20000 per month, then the employee contribution is 12% of ₹20,000, which amounts to ₹2400. This is the amount...
This information can be used to calculate gross salary: add basic pay and DA, and deduct professional tax, EPF,ESIand any other income taxes applicable. The final amount is then sent to the employee. As the number of employees grows, tracking each employee’s payroll information and calculatin...
Apayrollmanagement system is a special kind of software that automates the process of disbursing employee salaries. A good payroll management system will help businesses save valuable time, resources and money by using automation and technology to simplify tasks. ...
Most investor problems can be traced to a lack of informed decision-making. We made bad decisions and money mistakes when we started earning and spent years undoing these mistakes. Why should our children go through the same pain? What is this book about? As parents, what would it be if ...
As these are simply calculated raw data. You can’t provide this data to employees since you don’t want everyone to know how much each other makes. You can’t print all of them either; it’s a lot more labour and a lot of money. So, let us look at how to build on good payrol...
What is Value of Living Accommodation(VOLA) ? How to determine value of BIK/VOLA? How to determine BIK/VOLA using Deskera People?What is Benefit-In-Kind (BIK)? BIK are benefits not convertible into money, even though they have monetary value. The phrase not convertible into money means tha...
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Reason of rejection of EPF Withdrawal : FATHER”S NAME OF MEMBER DIFFERS WITH CLAIM FORM.We assume that once we have provided the correct data, things would be fine and we don’t bother to check the details. For example our employer deducts the Provident Fund money and we check the paysl...