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

Very good morning to you...We can restart life ...

A girl married  a boy . At the end of the wedding  party, her mother gave her a newly opened bank saving passbook With  Rs.1000 deposit amount.   Mother said to her , take this passbook. Keep it as a record of  your marriage life. When there's something happy and memorable happened  in your new life, put some money in. Write down what it's about next to  the line. The more memorable the event is, the more money you can put in.  I've done the first one for you today. Do the others with your husband.  When  you look back after years, you can know how much happiness you've had.'  She had shared this with her husband when getting home. They both  thought it was a great idea and were anxious to know when the second deposit can be made. This was what they did after certain time:   - 7 Feb: Rs.100, first birthday celebration of the  HUSBAND  after marriage   - 1 Mar: Rs.300, salary raise for the Girl....
1 comment
Read more

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

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