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प्रश्न
What is a Provident Fund Scheme?
Briefly explain Provident Fund.
थोडक्यात उत्तर
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उत्तर
- Under the Employees' Provident Funds and Miscellaneous Provisions Act, the Central Government has established the provident fund scheme for employees.
- Every employee is entitled to become a member of the scheme after completing three months of continuous service.
- The employee and the employer contribute every month ten percent of the basic wages. The total contributions are invested in specified investments.
- The accumulated amount of standing credit to an employee is payable upon retirement, death, or at the time of leaving service.
- An employee can get advances and permanent withdrawals for construction of house, marriage of dependents and other specified purposes, like serious illness.
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Social Security in India
या प्रश्नात किंवा उत्तरात काही त्रुटी आहे का?
संबंधित प्रश्न
The National Pension Scheme seeks to provide old-age security to the citizens.
Amount of ______ is paid once in lump sum whereas ______ is paid every month.
In India, social security is provided under the ______.
Social security implies measures to protect workers against distress caused by ______.
Briefly explain the term Pension?
Why is 'Gratuity' given by an employer to an employee?
Distinguish between gratuity and provident fund.
Mention any two ways by which employees get social security.
State any three features of Group Insurance.
Distinguish between Provident Fund and Pension.
