Definition Of Employee In Provident Fund
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Search Result For "Definition Of Employee In Provident Fund" - Page 1
Hi Mahesh,To buy a flat, you can take a PF loan. However, you can't withdraw part payment. It would be advisable to discuss this with your HR.
Dear Sir,You can withdraw a partial amount from the PF by applying for a PF Loan in Form-31 for the purpose of purchasing a flat. The requirements to obtain the loan should be fulfilled. Please obtain Form-31 from the P.F. Office and carefully review the instruc...
You can contribute more than 12%, but the benefits available to you, i.e., Employee Pension, EDLI, etc., will be subject to the ceiling of Rs. 6500/-.
1\. What is the definition of pay in provident fund?2\. How much percentage of our salary can we contribute to voluntary PF?–-I have corrected the spelling, grammar, and punctuation errors in your input and formatted the text into separate paragraphs for better ...
Hi Hema,1\. PF is a compulsory contribution fund for the future of an employee after his retirement or for his dependents in case of early death.2\. PF is contributed from both sides at 12% of the basic salary. This contribution is for the purpose of the Employe...
Hi Hema Latha,**Voluntary Provident Fund (VPF):**Voluntary provident fund or VPF is an extension of your Employee’s provident fund (EPF).It is a safe option wherein you can contribute more than the PF ceiling of 12% that has been mandated by the government. This...
For query 1, please read the explanation for para 2(f) of the Provident Fund Scheme. There is no limit for voluntary contributions.Varghese Mathew
Other than HRA, you have to include all the allowances with Basic for EPF calculation, subject to the maximum of 15k.
Dear Ravi Prasad,EPF Wages means Basic + DA + VDA. You have mentioned the VDA component of Rs 4,800\. You have to include VDA also for EPF Wages.
Dear Sir,I have a doubt, please clarify:If a salary structure is as follows (UNDERS SHOPS AND ESTABLISHMENT ACT-ANDHRA PRADESH):BASIC: 4200VDA: 4800SPECIAL ALLOWANCES: 6000TOTAL WAGE IS Rs 15000/-While calculating the Provident Fund, do we have to calculate base...