I have some doubts regarding FPS which is 8.33% of basic towards employer contribution in PF.
1.When will FPS be given to the employee i.e after how many years of service?
2. How will FPS be paid i.e monthly/lumpsum? If monthly, for how many months? if lumpsum, how much amount(calculation)? If both, Can employee have the choice to select the mode(monthly/lumpsum)?
Seniors...pls illustrate with example...
7th November 2007 From United States
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