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[PP India] Should Employee Provident Fund be considered a part of PP or not?

Posted: Fri Jun 26, 2015 8:45 am
by krod16
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?

Re: [PP India] Should Employee Provident Fund be considered a part of PP or not?

Posted: Fri Jun 26, 2015 9:18 am
by MachineGhost
Deep Cash.

Re: [PP India] Should Employee Provident Fund be considered a part of PP or not?

Posted: Sat Jun 27, 2015 9:51 am
by krod16
MachineGhost wrote: Deep Cash.
OK. Thanks.