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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]
The EPF 12% is deducted from salary of the employee. Can someone elaborate and write the same. — Preceding unsigned comment added by 2405:201:2011:F067:5C0F:7B7A:2CE7:A42D 06:41, 4 December 2022 (UTC)
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.
Elijah Wood may have tied the knot to Mette-Marie Kongsved!. During an episode of the Inside of You with Michael Rosenbaum podcast published on Jan. 6, the Lord of the Rings actor, 43, said he is ...
Some troops leave the battlefield injured. Others return from war with mental wounds. Yet many of the 2 million Iraq and Afghanistan veterans suffer from a condition the Defense Department refuses to acknowledge: Moral injury.
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
From August 2012 to December 2012, if you bought shares in companies when Sharon L. Allen joined the board, and sold them when she left, you would have a 60.8 percent return on your investment, compared to a 3.7 percent return from the S&P 500.