[PP India] Should Employee Provident Fund be considered a part of PP or not?
Posted: Fri Jun 26, 2015 8:45 am
In India, we have something called as Employee Provident Fund.
As a rule, the company has to contribute a certain amount to this fund (10% of basic component) and a part is taken from the employee's salary (12%). This then fetches an interest of 8.5% (could vary every year) and can be taken out after leaving the company or after retirement.
Should this be considered as part of the PP?
As a rule, the company has to contribute a certain amount to this fund (10% of basic component) and a part is taken from the employee's salary (12%). This then fetches an interest of 8.5% (could vary every year) and can be taken out after leaving the company or after retirement.
Should this be considered as part of the PP?