Employees Provident Fund | Frequently Asked Questions (EPF)

By the employees drawing basic salary by Rs.upto 6500. Also, it is compulsory to contribute to the provident fund and all employees drawing above Rs 6501 have also the option to become members of the provident fund.

Employee contribution it is also very necessary to contribute 12% of their basic salary by the same amount and also it is contribute by the same types of employers.

Yes, Because the provident fund is also contribute by each employee/ employer and is also not taxable income for income tax purposes.

Many of the employees who while by the joining of the organization and also have a basic salary above Rs 15001 have the option to either become and also avoid becoming a member of the provident fund. After some period there will be basic that can also be increased above Rs 15001 and also have a compulsory and had also be continues to be a member of the provident fund. So, the joining of a basic salary is always actually increased by the provident fund.

The employee’s contribution of 12% and also a basic salary is deposite in a provident fund account. The employee’s contribution of 12% is also contribute to be provident fund and 8.33% is also deposite in a pension scheme for all government or private employers.

Yes, We can also just have to fill a form no 13 to transfer our PF amount.

By the member of a provident fund, nomination form no 2 also has to be filled by a member of the provident fund, and this form is also available to the human resources (H>R) department.

Each of the members also has to make a nomination and receive an amount that can also stand to his credit in the types of funds in the event of his death. If her family is already nominating by one or more persons belonging to her relationship or none other. If he has no family he can also be nominate by any person’s choice and also has been an invalid and he will make a fresh type of nomination person belonging to a family. We cannot make our brother and also nominee as per all types of acts.

For an employee to become and also be eligible for a pension fund he has to complete a full membership of the fund for any sector of an employer can also complete the fund for 10 years.

By the provident fund organization, there will be form no 19 is also for the provident fund and has been withdrawn, and Form No. 10 C and also which is for a pension scheme type of withdrawal.

Finally, in a provident fund, the compound interest will also declare by the govt. of India also given to every sector of employees. And it is also very necessary for every year of the service.

The employees for the provident fund schemes. There are also two kinds of benefits that can also be provided under those types of schemes. First, we can also buy such types of withdrawal benefits of the provident fund schemes. As the second thing is we can also buy such types of benefits and also be a non – non-refundable advances.

Yes, As well as a trainee would also be considere and has been an employee as per the act. But in case and also have all the trainee under the Apprentice Act / they will not be considere and also acts as an employee under this type of act.

In this case, there is also a dispute regarding the applicability of the act. The total average of the money and also it is to deducted by such types of authority and also is the central provident fund and the secondary thing is any type of an additional provident commissioner.