Employees Providenet Fund with Special Reference to Mando India Automotive, Chennai
J Pavithra1, Gowtham Ashirvad Kumar2, Sangeetha. M3
1Ms. J Pavithra, Department of MBA, Bharath Institute of Higher Education and Research, Chennai (Tamil Nadu), India.
2Gowtham Ashirvad Kumar, Department of MBA, Bharath Institute of Higher Education and Research, Chennai (Tamil Nadu), India.
3Sangeetha. M, Department of MBA, Bharath Institute of Higher Education and Research, Chennai (Tamil Nadu), India.
Manuscript received on 14 August 2019 | Revised Manuscript received on 05 September 2019 | Manuscript Published on 17 September 2019 | PP: 264-268 | Volume-8 Issue-2S8 August 2019 | Retrieval Number: B13640882S819/2019©BEIESP | DOI: 10.35940/ijrte.B1364.0882S819
Open Access | Editorial and Publishing Policies | Cite | Mendeley | Indexing and Abstracting
© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC-BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: Representative Provident Fund (EPF) is executed by the Employees Provident Fund Organization (EPFO) of India. An opportune store is made with a reason for giving monetary security and solidness representatives. For the most part one contributes in these assets when one begins as worker, the commitments are made all the time (month to month by and large). Its motivation is to enable representatives to spare a small amount of their pay each month, to be utilized in an occasion that the worker is briefly or never again fit to work or at retirement. The ventures made by various individuals/workers are pooled together and contributed by a trust. A foundation with at least 20 laborers working in any of the 180+ ventures should enlist with EPFO. Ordinarily 12% of the Basic, DA, and money estimation of sustenance recompenses must be added to the EPF account. EPFO is a statutory body of the Indian Government under Labor and Employment Ministry.
Keywords: Representative Provident Fund, Solidness, Employment.
Scope of the Article: Social Sciences