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Provident fund - international workers
Dear friends the government of india had made certain fundamental changes vide a notification dated 1 october 2008 in the employee provident fund scheme 1952 and the employee pension scheme 1995 collectively referred to as indian social security schemes. this has significant impact on the expatriates and the employers with whom they work in india . the additional central provident fund commissioner has issued certain clarifications with respect to these amendments vide his letter dated 7 january 2009 no. acturial/79 2008/ 75683 to all regional provident fund commissioners. also the ministry of labour has posted certain faqs on their website 800080 com clarifying the position relating to the international worker iw. for ready reference i attaching the word file regards rapolu hs
Pf - international workers
Hi i am looking for some clarification in the context of pf for international workers. are poi & oci card holders considered as international workers? as per the faqs released by epfo below is the definition of iw. who is an international worker? an international worker may be an indian worker or a foreign national. any indian employee working or having worked abroad in a country with which india has entered into a social security agreement ssa; or any foreigner working in india in an establishment where the employees‟ provident funds & miscellaneous provisions act 1952 is applicable. are poi / oci card holders come under foreigner definition? regards deepa
Provident fund
What is meant by provident fund? how to calculate the provident fund in a company? who are all eligible for provident fund? what are the forms used for providend fund?
Provident fund
Dear friends i want to gain knowledge on provident fund. i would request you to please help me with the following questions. 1.what is employee\'s share and what is employer\'s share. 2.pf is calculated on which component of salary. 3.what is a provident fund challan and when do we have to submit these challans. 4.is provident fund taxable. which forms do we need to fill for provident fund. a new joinee form b if the employee had pf account in his previous firm cpf withdrawl form. any additional information.
Provident fund not claimed
Subject: provident fund not claim post: provident fund can be claimed at any time after two months from resigning and before the expiry of 36 months or 3yrs..to process your pf it wil take a maximum period of 6 months. the government will give you interest 8 on the total amount of your provident fund..
Pf coverage - international worker
Dear all i have doubts on recent amendment on pf coverage for international worker. 1. whether international worker would be compulsorily liable to participate in pf scheme irrelavant of his basic salary. 2.if he is liable wheter pf has to be deducted on actual basic da or will he have option to contribute on rs. 6500/ only. 3. what are the pention relating provisions for international worker. 4. what will be the maturity benefits to international worker when he leaves india within short time say 23 years. best regards raghu