RPF vs PPF
This query is : Resolved
12 July 2008
A trust who is employing more than 250 employees and fulfill all d conditions that make them fall under Employees Provident fund nd Miscellaneous Provisions act,then isnt such trust has to comply to d statutory provisions of 12% employer contribution nd 12% employee contribution(ie Employees provident fund)..Instead d trust has opened a PPF account with some bank and what they do is the employer contributes 12% nd employee contributes 12% to d PPF account...my query is that only under RPF an employee gets d benefit of pension schme and deposit linked insurance scheme which is a statutory provision.....Whether or not EPF must be applied to d said trust.
plz help!!!!!
plz help!!!!!
12 July 2008
Yes, Employees Provident Fund and Miscellaneous Provisions Act is appllicable to the Trust. Trust has deviated and not discharged its obigations in a proper manner.
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