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BENEFITS | |||
| 11 | In case of employee's death in service, what benefit will be available to his family?
Widow will receive pension :- a) The pension as he would have received had he retired on the day of death or b) Such widow pension would have been payable under erstwhile Family Pension Scheme or c) Rs. 450/- per month whichever is highest. In addition 25% of widow pension with minimum of Rs. 150/- for each child (not exceeding two children at a time) will be paid until the youngest child reaches 25 years of age. |
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| 12 | In case of employee's death in service, what benefit will be available to his family?
Widow will receive pension :- a) The pension as he would have received had he retired on the day of death or b) Such widow pension would have been payable under erstwhile Family Pension Scheme or c) Rs. 450/- per month whichever is highest. In addition 25% of widow pension with minimum of Rs. 150/- for each child (not exceeding two children at a time) will be paid until the youngest child reaches 25 years of age. |
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| 13 | Does any interest on accrue on the amount which is in my Provident Fund account?
Compound interest as declared by the Govt. is given for every year of service. |
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| 14 | Does any interest on accrue on the amount which is in my Provident Fund account?
Compound interest as declared by the Govt. is given for every year of service. |
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| 15 | How would I know my PF balance and other details ?
PF office sends an annual statement through the employer which gives details about the PF accumulations. The statement contains details like, Opening balance, amount contributed during the year, withdrawal during the year, interest earned and the closing balance in the PF account. |
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| 16 | How would I know my PF balance and other details ?
PF office sends an annual statement through the employer which gives details about the PF accumulations. The statement contains details like, Opening balance, amount contributed during the year, withdrawal during the year, interest earned and the closing balance in the PF account. |
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| 17 | Is it beneficial for employees who draw salary above Rs 6501/- to become member of Provident Fund ?
Yes because provident fund contribution by the employer & employee is not a taxable income for Income Tax purpose. |
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| 18 | Is it beneficial for employees who draw salary above Rs 6501/- to become member of Provident Fund ?
Yes because provident fund contribution by the employer & employee is not a taxable income for Income Tax purpose. |
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| 19 | What is the interest on the PF accumulations ?
Compound interest as declared by Central Govt. is paid on the amount standing to the credit of an employee as on 1st April every year. |
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| 20 | What is the interest on the PF accumulations ?
Compound interest as declared by Central Govt. is paid on the amount standing to the credit of an employee as on 1st April every year. |
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