Hi, my company deducts the PF amount from my salary from my side & also from their side ? is this correct procedure......as i have heard that company also contributes to EPF account separately. not from employees salary !
Re: about PF
by VishwaKarma (View MyPage) on Aug 24, 2013 11:06 PM
No employer can not make their PF contribution from your salary, if they are doing so, report it to EPF corporation (it is a govt. body & has no control of employer on its' laws & regulations), if not you can file FIR against employer to have it investigated & bring in front.
In case of PF, a portion of employees contribution is deducted and credited to Family Pension Scheeme. In case of death of employee, employees family get a pension every month. But amount is too small maximum 1300 rupees per month only. Incase employee on retirement or employees family on death of the employee forget to claim, no reminders will be sent to employee by PF Office or employer. This Family Pension Scheme was introduced during & around the year 1970
Re: regarding max amt i.e 70000 in ppf account
by rajesh gole (View MyPage) on Jan 16, 2013 01:36 PM
now the maximum deposit limit is 1,00,000 per year till 15 years. this amount is eligible for tax benifit.