Dear friends please find the write answer, (employees share)----insted of paying and withdrawing it will be better if it is not deducted frm salary (only the employers share can be withdrawn later).
why? all this transaction made.
From India, Bangalore
why? all this transaction made.
From India, Bangalore
167
Dear Shyam,
PF was created to provide Financial Security to employees after their retirement, so that one can live a life with dignity and respect even after retirement. Its a Statute for employers and employee to contribute to the PF, however u can also withdraw it before retirement. This provision was made to meet the urgent financial needs, however it totally depends upon u how to use it.
BTW law is not just law, its a controlling regulation, for the betterment of the society and its members and each law has an explanation.
Regards,
Rahul Chhabra
From India, Delhi
PF was created to provide Financial Security to employees after their retirement, so that one can live a life with dignity and respect even after retirement. Its a Statute for employers and employee to contribute to the PF, however u can also withdraw it before retirement. This provision was made to meet the urgent financial needs, however it totally depends upon u how to use it.
BTW law is not just law, its a controlling regulation, for the betterment of the society and its members and each law has an explanation.
Regards,
Rahul Chhabra
From India, Delhi
It is a Social Security measure which can helps the employee after employment. We can't question the act. Every Act is meant for protection / benefit / security of an employee.
I am sorry to say that we can't question like this.
Prasad
From India, Pune
I am sorry to say that we can't question like this.
Prasad
From India, Pune
Dear shyam,
What are all the replies u got for your query is absolutly right.
The acts made by govt. is for the benefit of the employee itself. You should not put such questions and understand the benefits....
Regards
Radhika
From India, Hyderabad
What are all the replies u got for your query is absolutly right.
The acts made by govt. is for the benefit of the employee itself. You should not put such questions and understand the benefits....
Regards
Radhika
From India, Hyderabad
Well, we all ask questions as we are inquisitive and i suppose this forum is meant for the same.
Please help people grow in terms of their knowledge and skills, than policing their questioning skills or inquisitiveness.
I have seen it happening many a times, that we are asking people to stop asking questions that make no sense to us. Please stop doing so as it curbs one's interest in this forum. In case, we find any question ir-relevant, we can move on and not reply to the same.
Regards,
Rahul Chhabra
From India, Delhi
Please help people grow in terms of their knowledge and skills, than policing their questioning skills or inquisitiveness.
I have seen it happening many a times, that we are asking people to stop asking questions that make no sense to us. Please stop doing so as it curbs one's interest in this forum. In case, we find any question ir-relevant, we can move on and not reply to the same.
Regards,
Rahul Chhabra
From India, Delhi
The answer for why PROVIDENT fund contribution from employees lies in the word 'provident'. The meaning of the word is:
provident [ˈprɒvɪdənt]
adj
1. providing for future needs
2. exercising foresight in the management of one's affairs or resources
3. characterized by or proceeding from foresight
[from Latin prōvidens foreseeing, from prōvidēre to provide]
Thus it is for the future of the employee. He has to help himself so that others (employer) help him. Even God helps only those who help themselves!
Secondly, savings is an important aspect of national economy. From that point of view also employee should make the contribution.
From India, Madras
provident [ˈprɒvɪdənt]
adj
1. providing for future needs
2. exercising foresight in the management of one's affairs or resources
3. characterized by or proceeding from foresight
[from Latin prōvidens foreseeing, from prōvidēre to provide]
Thus it is for the future of the employee. He has to help himself so that others (employer) help him. Even God helps only those who help themselves!
Secondly, savings is an important aspect of national economy. From that point of view also employee should make the contribution.
From India, Madras
dear friends, thanks for ur valuable replys, i think its not a irrelevant question bcz the people have to know abt for what they are paid, the use of them. in what way it can be used etc...
its responsible of a salaried persons to know in detail of his salary.....write
if its irrelevant how the interview panel of top reputed company ask this question..
From India, Bangalore
its responsible of a salaried persons to know in detail of his salary.....write
if its irrelevant how the interview panel of top reputed company ask this question..
From India, Bangalore
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