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The Employees' Provident Fund, abbreviated to EPF, is a social security scheme of employees in Sri Lanka under the Central Bank of Sri Lanka. It was established under Act No. 15 of 1958 by S. W. R. D. Bandaranaike , [ 3 ] and as of December 2010, it had Rs 899.6 billion, which is equivalent to 16% of the GDP. [ 4 ]
The employer of every employee to whom this Act applies shall be liable to pay an amount equal to three per centum (3%) of the total earnings including Wages, salary or fees, Cost of living allowance, special living allowance and other similar allowances, Payment in respect of holidays, The cost value of cooked or uncooked food provided by the employer to employees, Meal allowance and Any ...
The EPFO's top decision-making body is the Central Board of Trustees (CBT), [2] [3] a statutory body established by the Employees' Provident Fund and Miscellaneous Provisions (EPF&MP) Act, 1952. [4] As of 2021, more than ₹ 15.6 lakh crore (US$209 billion) are under EPFO management.
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [7] The EPF claims that the lowered dividend is the result of its decision to invest in low-risk fixed revenue instruments, which produce lower returns but maintains the principal value of its members' contributions.
It's a small background program that intercepts what you type and converts it to the Sinhala unicode format. You can type in phonetics, Wijeysekara layout or Singlish (ea kiyanne mehema type karana eka) and the program will type it in Sinhala on any open window (MS Word etc.).
The Sinhala script (Sinhala: සිංහල අක්ෂර මාලාව, romanized: Siṁhala Akṣara Mālāwa), also known as Sinhalese script, is a writing system used by the Sinhalese people and most Sri Lankans in Sri Lanka and elsewhere to write the Sinhala language as well as the liturgical languages Pali and Sanskrit. [3]
The Government of Sri Lanka imposes taxes mainly of two types in the forms of direct taxes and indirect taxes. As of 2018 CBSL report, taxes are the most important revenue source for the government, contributing 89% of the revenue.
Download QR code; Print/export ... Download as PDF; Printable version; In other projects ... Employees Provident Fund or Employees' Provident Fund refer to: Employees ...