provident fund
What is the Public Provident Fund?
PPF Scheme one of the most tax efficient instruments in India. It was launched by the Ministry of Finance (MoF) in India in the year 1968. People can deposit funds in PPF accounts (Public Provident Fund accounts) for a fixed period of time to earn returns on their savings. The PPF of interest rate for the …
What are Social Security laws related to Employment in India?
The Employees Provident Funds and Miscellaneous Provisions Act, 1952 (the “EPF Act”) provides for the institution of provident funds, pension funds, and deposit-linked insurance funds for employees and applies to all establishments employing 20 or more persons or class of persons. Accordingly, the wage ceiling for an employee to be eligible for the PF Scheme …
What are the benefits of Aadhaar?
An Aadhaar card is a unique identification number which is issued to each and every individual of India. Aadhaar card is a biometric system. Indian government maintain and store in the database, all the personal detail of every Indian citizen. Aadhar card is becoming the government’s base for public welfare and citizen services. It can be used …