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The Employees' Provident Fund Organisation (EPFO) holds a pivotal role in India's social security system, dedicated to ensuring the financial security of employees. Operating under the jurisdiction of the Government of India's Ministry of Labour and Employment, the EPFO is entrusted with the regulation and oversight of provident funds in the ...
Legally, the EPF is only obligated to provide 2.5% dividends (as per Section 27 of the Employees Provident Fund Act 1991). [8] 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.
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 ...
A man found 4-month-old and 5-month-old baby girls in a ditch outside his Indianapolis home after they were kidnapped in a vehicle earlier in the day.
Rapper Tekashi 6ix9ine will spend 45 days behind bars and endure a year of supervised release as punishment for violating the terms of his release late last month, a Manhattan federal judge ruled ...
If you’re stuck on today’s Wordle answer, we’re here to help—but beware of spoilers for Wordle 1237 ahead. Let's start with a few hints.
Expense management automation has two aspects: the process an employee follows in order to complete an expense claim (for example, logging a hotel receipt or submitting mobile phone records) and the activity accounts or finance staff undertake to process the claim within the finance system.
Officials in in Wisconsin said DNA evidence has solved a more than 65-year-old cold case involving missing 7-year-old Michigan boy Markku Jutila, born as Chester Breiney. The Ozaukee County ...