i understand that there was a recent amendment effective 01.10.08 disallowing commutation facility from pension amount at the time of settlement. Any idea what’s this in detail?
From India, New Delhi
From India, New Delhi
Dear Sampath,
You may get information about this in www.epfindia.com
Regards
Amith R.
From India, Bangalore
16You may get information about this in www.epfindia.com
Regards
Amith R.
From India, Bangalore
Hi,
We have been contracted to provide foriegn nationals to work in India with a MNC. I believe that the prospective employee will be subject to EPF.
May I request info on the following
1. The employee is a consultant comming on a specific project for a year and will be on a consultant contract. Does EPF apply?
2. If it does then what is the salary cut off, if any. Will it subject to Rs6500/- or will it be on the actual salary ( in this case about 10 lacs pm)?
Please reply.
Thanks
Vishal
From India, Mumbai
We have been contracted to provide foriegn nationals to work in India with a MNC. I believe that the prospective employee will be subject to EPF.
May I request info on the following
1. The employee is a consultant comming on a specific project for a year and will be on a consultant contract. Does EPF apply?
2. If it does then what is the salary cut off, if any. Will it subject to Rs6500/- or will it be on the actual salary ( in this case about 10 lacs pm)?
Please reply.
Thanks
Vishal
From India, Mumbai
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Latest amendment in Provident fund scheme.doc
Amendment to Public Provident Fund Scheme 1968 (PPF 1968).pdf
Provident fund.zip