Saturday, December 29, 2012

How the proposed PF rule may cut your take-home salary

 How the proposed PF rule may cut your take-home salary The recent EPFO circular, stating that certain allowances must also be added to the salary while computing the PF contribution, could upset millions of household budgets if it were to be enforced. On the face of it, this looks good for employees because a higher amount will flow into their PF accounts every month. However, the employers,...

EPF: THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952

EPF: THE EMPLOYEES’ PROVIDENT FUNDS AND MISCELLANEOUS PROVISIONS ACT, 1952 (Act No. 19 of 1952)4th March, 1952An Act to provide for the institution of provident funds, pension fund and deposit-linked insurance fund for employees in factories and other establishments.2. Definitions. - In this Act, unless the context otherwise requires, -(m) “Tribunal” means the Employees’ Provident Funds Appellate...

KV Schools in India: Fees likely to increase in KV Schools

KV Schools in India: Fees likely to increase in KV Schools: The KV Sangathan board of governors meeting held on Friday and decided to increase with a principle approval. The meeting presided over by Human Resource Development Minister M.M.Pallam Raju. It was the principal approval to the proposal of hike in fees. The fees may be hike as Rs.1250 per month from the existing fee of Rs.300. The...

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