Now the limit for compulsory subscription to employees provident fund has been raised. There are some other changs also. See further:

https://in.finance.yahoo.com/news/changes-in-provident-fund-rules--7-things-to-know-065607852.html

G. K. Ajmani Tax consultant
http://gkajmani-mystraythoughts.blogspot.com/

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  • Re: some changes in provident fund rules.

    by » 7 years ago


    rambabu
    Perandor
    1.49k 32k 218.8k
    Now the limit for compulsory subscription to employees provident fund has been raised. There are some other changs also. See further:

    https://in.finance.yahoo.com/news/changes-in-provident-fund-rules--7-things-to-know-065607852.html


    Increase in Compulsory subscription towards PF is good during retirement period. It makes the retired person independent without living on others..

  • Re: some changes in provident fund rules.

    by » 7 years ago


    Gulshan Kumar Ajmani
    Editor & Super Moderator
    3.48k 21.9k 176.9k
    Now the limit for compulsory subscription to employees provident fund has been raised. There are some other changs also. See further:

    https://in.finance.yahoo.com/news/changes-in-provident-fund-rules--7-things-to-know-065607852.html


    Increase in Compulsory subscription towards PF is good during retirement period. It makes the retired person independent without living on others..


    Actually employee's own contribution does not matter much. He can get similar or even more interest even by investing esewhere. But it is the employer's conribution and pension that helps him more. However an employee is benefitted in one way. If ther were no copulsory contribution, many would spend most of salary and not save anythin for future. All are not far sighted.

    G. K. Ajmani Tax consultant
    http://gkajmani-mystraythoughts.blogspot.com/


  • Re: some changes in provident fund rules.

    by » 7 years ago


    rambabu
    Perandor
    1.49k 32k 218.8k
    Now the limit for compulsory subscription to employees provident fund has been raised. There are some other changs also. See further:

    https://in.finance.yahoo.com/news/changes-in-provident-fund-rules--7-things-to-know-065607852.html


    Increase in Compulsory subscription towards PF is good during retirement period. It makes the retired person independent without living on others..


    Actually employee's own contribution does not matter much. He can get similar or even more interest even by investing esewhere. But it is the employer's conribution and pension that helps him more. However an employee is benefitted in one way. If ther were no copulsory contribution, many would spend most of salary and not save anythin for future. All are not far sighted.


    I agree. . Employer's contribution matters. If the amount is utilized for a rainy day or for leading a good life after retirement.it will be very useful. One can lead a self sufficient life.

    Thank you said by: Gulshan Kumar Ajmani

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