ESI is an insurance scheme. It is a combination of a number of insurance policies. But it is not like other policies which anyone can purchase. Its applicability has been discussed later in this article. It provides following benefits to the member of ESI scheme: Medical benefit in the form of special hospitals dedicated. Death…
DetailsWithdrawal of PF As per the EPF Rules, you can withdraw your PF money only if You do not have job at the time of withdrawal of PF money and 2 months have passed since your last job OR You have completed 58 years of age. It is not mandatory to withdraw PF in 1st…
DetailsICSI – CS Executive Dec-14 results likely to be declared on 25th Feb-15 (Wednesday). For timing, please visit ICSI website.Google PlusGoogle CommunityFacebook
Inter & Final Result for December 2014 term of examination is likely to be available on 21st February 2015 on the following servers: http://www.examicai.in http://www.examicmai.org Google PlusGoogle CommunityFacebook
DetailsVPF (Voluntary Provident Fund) One can invest more than 12% of his/ her salary to PF account. This excess contribution to PF is called VPF. You can contribute to PF in percentage (%) terms only. It means you can ask your employer to deduct excess 3% of your salary but you cannot say deduct INR…
DetailsNo Interest on EPS (Employee Pension Scheme) I have already mentioned that a part of employer’s share goes into EPS. People usually think that they get interest on entire PF amount contributed by Employee and Employer. But actually this is not true. Contribution to EPS out of Employer Share does not earn any interest. But…
DetailsPension It has already written in one of the previous post that a part of Employer Share actually goes to EPS (Employee Pension Scheme). One can get pension from his/ her provident fund. But there certain conditions which are: He/ She has completed the age of 58. He/ She has been member of EPF for…
DetailsThere is a proposal in Finance Ministry to raise the minimum lock-in period in PPF in the upcoming budget for FY 2015-16. Reason is to avail the funds for longer term for infrastructure. There are two options on the table right now: Increasing the maturity period from the 15 years. Increasing the minimum withdrawal period…
DetailsNomination One can avail the facility of nomination while joining the EPF. But in case, it has not been done at the time of joining, one can fill up Form 2 to update/ change the nomination details. In case of death of the person, nominee gets the Provident Fund amount. Insurance Contribution to Employees’ Deposit…
DetailsOn 20th Jan-2015, Govt has notified interest rate of 9.1% for FY 2014-15 on Sukanya Samriddhi Account. For Sukanya Samriddhi Account, Govt. needs to notify interest rate for every year like in the case of PPF. Notification can be found at Govt Website. Must Read : Sukanya Samriddhi Account – Features Google PlusGoogle CommunityFacebook
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