Now, I know everything about Provident Fund (India).
Hi Friends, The Provident Fund briefing is with respect to the Country India. I'm Anil Kumar, currently working as SQL Server DBA with Nsight Incorporated. I would like to brief you about the most popular doubt every salaried person has regarding Provident Fund (India). So, Provident Fund deductions from our PaySlip are our contributions called Employee Contribution. Additionally the same amount is added to your PF account from the Employer's side, known as Employer Contribution. The Employer contribution is bifurcated into two parts. They are: 1) Employer Share 2) Pension Contribution. In the recent changes, the Pension Contribution must be Rs.1250 Test Case: A is an Employee working for an Company named B drawing X salary in which his provident fund deducted is Rs.1800. So, the Pension details for A starting June 2016 would be as follows: In the month of March 2017, if A wants to withdraw the PF amount, he can show an emergency like Marriage, Hospitali...