The sum of the employer and employer contributions is deposited into a fund established with the Employee Provident Fund Organisation. A PF percentage on the salary of the interest earned determined by the monthly operating balance is paid and is added to the account at the close of the fiscal...
Employers often cover the costs of employees’ benefits and a portion of that might come from an employee’s gross wage. A company’s payroll system also needs to deduct Social Security and Medicare payments from an employee’s gross wages. On most payrolls, an employer’s payroll system will...
converting worked hours into FTEs is significant in assisting the organization with knowing the number of full-time workers the part-time workers are equivalent to. Your FTE number decides if you're viewed as a pertinent enormous employer or ALE (applicable large employer). ...
At my live seminars, some participants always come up to me and say,“You know, Harv, money’s not really that im- portant.” I look them directly in the eyes and say, “You’re broke! Right?”They usually look down at their feet and meekly reply with something like “Well, right ...
My relative got his PAN in Chennai when he was working here. Later on, he shifted to Canada but was filing his returns in India for rental income and interest income.Recently, he wanted to close his capital gain account scheme. So, he applied for Form G for closure of the account and...
into the EPF account. With the employer's contribution of a similar amount, the savings would grow into a significant amount by the time of retirement. A point to remember here is that the because of the compounding effect even small contributions into EPF grow into large sums over the ...