Skip to main content

Withdrawal Policy for International Workers under Provident Fund

 

The instructions outlined below have to be followed while making payment to the international worker at the time of leaving India:

  • Employer should make the payment of contribution through separate ECR within 3 days of the month in which the member is leaving the country;
  • Employer should submit the claim forms in respect of such international worker by 6th of the month in which such member is leaving service;
  • The Provident fund office will settle the account and credit the accumulated amount to the member’s account on the date of leaving service in India to the bank a/c maintained in India. (If the member desires interest on the settlement amount for the month of retirement, then the credit will happen on the first day of next month)

 

Comments

Post a Comment

Popular posts from this blog

Analysis of The Haryana State Employment of Local Candidates Act, 2020 - by S K Gupta , Advocate , Supreme Court

  Analysis of The Haryana State Employment of Local Candidates Act, 2020 ARTICLE ON THE HARYANA STATE EMPLOYMENT OF LOCAL CANDIDATES ACT,2020 AND ITS VALIDITY UNDER THE PROVISIONS OF THE CONSTITUTION OF INDIA Completely analyzed By S K Gupta , Advocate , Supreme Court www.makeinindialawfirm.com Applicability : The Haryana State Employment of Local Candidates Act, 2020 (in short the ‘Act, 2020’) which shall be applicable to all private companies, societies, trusts, and partnership firms (hereinafter referred ‘establishment”) in the State of Haryana which employ more than 10 people in their establishments, will have to reserve 75% of their future jobs employment for those local employees who are being offered a salary of 30,000 or less with effect from January 15, 2022. Exemption Clause: Under Section 5 of the Act, 2020 is having exemption clause by which employers are allowed to claim exemption from reserving jobs if “local candidates of the desired skill, qualification or pro...
Post a Comment
Read more

Good Morning !!!!WHEN A LIZARD CAN, WHY CAN'T WE?

This is a story that happened in Japan. In order to renovate the house, someone in Japan breaks open the wall. Japanese houses normally have a hollow space between the wooden walls. When tearing down the walls, he found that there was a lizard stuck there because a nail from outside hammered into one of its feet. He sees this, feels pity, and at the same time curious, as when he checked the nail, it was nailed 5 years ago when the house was first built!!! What happened? The lizard has survived in such position for 5 years .In a dark wall partition for 5 years without moving, it is impossible and mind-boggling. Then he wondered how this lizard survived for 5 years! without moving a single step--since its foot was nailed!So he stopped his work and observed the lizard, what it has been doing, and what and how it has been eating. Later, not knowing from where it came, appears another lizard,with food in its mouth.Ah! He was stunned and touched deeply. For the lizard that...
Post a Comment
Read more

REVISED MINIMUM WAGES IN DELHI - w.e.f. 01-04-2011

REVISED MINIMUM WAGES IN DELHI w.e.f  01.04.2011  CATEGORY                          EARLIER   w.e.f. 01-02-2011                      NOW   w.e.f. 01-04-2011 Unskilled                                                  6084                                           ...
Post a Comment
Read more