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प्रश्न
Distinguish between gratuity and provident fund.
फरक स्पष्ट करा
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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 | A part of the amount can be withdrawn during service for specified purposes.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
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
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
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
In India, social security is provided under the ______.
NPS stands for ______.
What is a Provident Fund Scheme?
Briefly explain the term Pension?
Mention any two ways by which employees get social security.
Explain the benefits provided by employers to employees under the Employees State Insurance Act.
Distinguish between Provident Fund and Pension.
