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Usually provident fund is 12% of your basic salary. For daily wage employees it depends on the various components of your salary that your employer is paying out on a daily basis. Assuming you earn a salary of Rs. 200/- every day and your employer has put out Rs. 100/- as basic salary every day then your total basic salary per month would be Rs. 3000/- (approx) which in turn would mean that Rs. 360/- would be your monthly PF contribution. If your employer is registered with the EPF organization of India, then he can deduct this money from your salary and remit it with the EPF department every month against your name.
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Is Honorarium attracts Employee Provident Fund?
No
What journal entry for provident fund?
To record employee contributions to the provident fund: Debit Provident Fund Expense and Credit Employee Contribution Payable. To record employer contributions: Debit Provident Fund Expense and Credit Employer Contribution Payable.
How do you maintain our Employee Provident Fund record?
The Employee Provident Fund record is maintained by the EPF Organization and a copy of the latest statement will be provided to both the employee and employer as requested
Does the company or union decide witch Provident Fund to have in a company?
No. The government has the Employee Provident Fund which is mandatory for all employees of companies in India
Where is Mumbai's Provident Fund's office?
Employee Provident Fund Office‎Road No 7,Bandra East,Mumbai,Mumbai suburban,Maharashtra‎ - 022 26474444‎
If i dont pay provident fund am i permanent?
I dont think so. Every individual who is the employee of a company has to get provident fund. So, in your case I doubt that.
Is tax deducted from provident fund of an employee at the time of voluntary retirement?
No
What is the minimum required number of employees for under Employee's Provident Fund Act in India at present?
20 employees required for enrollment in provident fund scheme
What is cemtex department?
I doubt that it is related to your EPF (employee provident fund). So money is debited to the bank account which you would have asked to debit your provident fund money.
Is there any tax on general provident fund received on retirement of government employee?
No
What is the minimum employee strength required to pay Provident Fund by a company?
7
If the provident fund administrator returns contributions does the employer then refund both the employee and employer contributions to the employee?
Yes.
