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 Employee’s provident fund (EPF for Private sector employees and GPF for Government employees) is a compulsory deposit as per the provident fund rule. At least the minimum amount must be deducted from employee’s salary by the employer and should be deposited in Provident Fund office or any related trust. (One can allow deducting more as voluntary contribution of provident fund) The provident fund amount may be enough to cover the maximum limit of Rs. 100000 under section 80C for higher salaried employees. The employee can get interest from the deposited amount and the interest is tax free as per the current income tax rules.


Regards
G.Srinivas

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  1. Time sheet is useful for Tracking Employee work hours and project hours is very essential for any business .This time sheet is very simple and easy to use , Timesheet nice article ..great work...!!!!!!!

    ReplyDelete
  2. Thank you QualityPoin for your comment.

    Regards
    G.Srinivas

    ReplyDelete

 
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