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In employer contribution of 12%, 8.33% transfer to EPS (Employee Pension Scheme) and 3.67% transfer to EPF (Employee Provident Fund). Over and above, employer has to bear 0.50% as administrative charges on EPF and 0.50% as EDLI (employer’s Deposit linked Insurance) Charges. So employer has to bear total 13% of basic wage as discussed above. [20]
Extend the PPF account with no contribution – The PPF account can be extended after the completion of 15 years; the subscriber doesn't need to put any amount after maturity. This is the default option, meaning if the subscriber doesn't take any action within one year of his PPF account maturity, this option activates automatically.
Provident fund is another name for pension fund.Its purpose is to provide employees with lump sum payments at the time of exit from their place of employment. This differs from pension funds, which have elements of both lump sum as well as monthly pension payments.
A study conducted in 2006 by Forrester Research, Inc. showed that 46 percent of large companies used a portal referred to as an employee portal. Employee portals can be described as a specific set of enterprise portals and are used to give an interface for employees to personalized information, resources, applications, and e-commerce options. [4]
The FBI director and former top Justice Department official has been taking criticism from Trump since Trump appointed him in 2017
This one only required an obliging whale—which seems like a tall order—that is, until you take in to account how friendly and eager to please the average beluga whale is.
The nation said a proper farewell to former President Jimmy Carter during his funeral service in Washington D.C. on Thursday. President Joe Biden, who declared Thursday a national day of mourning ...
Digital attendance: attendance.gov.in was launched by PM Narendra Modi on 1 July 2015, [7] to keep a record of the attendance of Government employees on a real-time basis. [20] This initiative started with implementation of a common Biometric Attendance System (BAS) in the central Government offices located in Delhi. [21] Back-end digitization