Advertisements
Advertisements
Question
Distinguish between Provident Fund and Pension.
Distinguish Between
Advertisements
Solution
- Both employer and employee contribute every month to a provident fund, while only the employer contributes to the pension.
- The amount of the provident fund is paid once in a lump sum, whereas the pension is paid every month.
shaalaa.com
Social Security in India
Is there an error in this question or solution?
APPEARS IN
RELATED QUESTIONS
A voluntary payment made by an employer to an employee who retires after long and dedicated services is ______.
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 ______.
NPS stands for ______.
Why is 'Gratuity' given by an employer to an employee?
What do you mean by group life insurance?
Distinguish between gratuity and provident fund.
Explain the benefits provided by employers to employees under the Maternity Benefit Act.
State any three features of Group Insurance.
