From India, Ahmadabad
Thank you for your prompt reply. I've already visited the EPF site & which is specially meant for employees who are employed in any of the industries specified therein. Reminding u that my query was about General PF, Contributory PF and Public PF. I just want to know from anybody is there any website which can give all the details about the same ? Thanx & all wishes....
With best regards,
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From India, Bhubaneswar
From India, New Delhi
GPF is for the state government employees as in the case of Tamilnadu especially the teachers and others.
PPF is the public provident fund introduced in the year 1999 by the Central Governmnet which requires the general public to contribute by having a seperate PF Code and manged by Post Office and they will have pension in the retiremnet age but i think that this scheme is at present is not in live.
In the case of CPF the Central Governmemt had brought one notification in the yaer 2003 or 2004 those who are recriuited in the posts filled by UPSC will be cover under the Contributory pension fund they will not be eligible for the old service pension rules governed for employees as earlier and now it is present i think.
CPF - For every non-pensionable servant of the Government belonging to any of the services under the control of the President
EPF/PF - For Private sector employees.Maturity at retirement however some amount may be drawn before maturity as per laid down rules. Also whole amount can be drawn before maturity but in this condition income tax would be deducted. It is tax free under 80C. (50% employee + 50% government contribution, it is fixed around 12% of pay for employees contribution and government add equal amount in this amount. An employee may contribute more than 12% but government would not contribute more than 12% in any case)
PPF - For everybody whether employee or private sector employee or self-employed person.It is tax free under 80C. Maturity is 15 years and may extended for another 5 years if account holder is willing to do so. Some amount can be drawn at various stages as per laid down rules. (100% individual contribution and no government contribution)
From India, undefined
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