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प्रश्न
Distinguish between gratuity and provident fund.
अंतर स्पष्ट करें
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उत्तर
| Sr. No. | Basis of Distinction | Gratuity | Provident Fund |
| 1. | Contributions | The employee makes no contributions. | Both the employer and the employee make regular contributions. |
| 2. | Amount | Fifteen days' wages for every completed year of service. | Amount standing to the credit at the time of retirement. |
| 3. | Investment | There is no specific investment. | The amount is specifically invested and earns interest. |
| 4. | Payment | Payable only at the time of retirement. | A part of the amount can be withdrawn during service for specified purposes. |
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Social Security in India
क्या इस प्रश्न या उत्तर में कोई त्रुटि है?
संबंधित प्रश्न
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
When the Principal of a school retires, the vice - principal is given her place. Identify which of the following will be true in this context.
- The vice-principal is being transferred
- The vice-principal will be getting a higher salary
- The vice-principal is getting promoted
- The vice-principal will be getting the same salary but her designation will change
In India, social security is provided under the ______.
NPS stands for ______.
What is a Provident Fund Scheme?
What do you mean by group life insurance?
Mention any two advantages of group life insurance to employees.
| Mr. Khanna, a manager in a public limited company, is turning sixty years of age and is about to retire from the organisation after a long and dedicated service. |
In this context answer the following:
- Name any two Acts pertaining to Mr. Khanna's retirement.
- Discuss the reasons why these two Acts need to be effected in organisations.
Distinguish between Provident Fund and Pension.
Distinguish between social insurance and social assistance.
