Sunday, June 7, 2009
FAQ about Provident Fund Exempt
? When can a Company opt to set up an Exempted Trust ? ? What are the membership details of the Trust ? ? Upon exemption, what are the payments made to the RPFC ? ? Can the EPS deduction (to be paid to the RPFC) be made from the Employee's contribution ? ? Is the employer's contribution deducted from the employee's wages ? ? Can a member finance his LIC Policy through the Trust ? ? How does one go about availing these Non-Refundable Withdrawals / Loans ? ? What are the Refundable and Non-Refundable Loans that an employee can avail as per the IT Rules ? ? When can an employee withdraw or apply for settlement ? ? Can withdrawals be made one year before retirement ? ? What happens to settlements in case of the member's death ?
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