Question
What percentage from the employer’s contribution
towards EPF is directed towards Employees’ Pension Scheme?Solution
Employee Provident Fund (EPF) is a retirement benefit scheme maintained by the Employees’ Provident Fund Organization (EPFO). The employee and the employer contribute to the EPF scheme on monthly basis in equal proportions of 12% of the basic salary and dearness allowance. Out of the employer’s contribution, 8.33% is directed towards the Employee Pension Scheme (EPS), 0.50% towards Employees’ Deposit-linked Insurance scheme (EDLI) and the remaining is retained in EPF.
Calculate Net profit to capital ratio.
In management functions, which activity focuses on monitoring performance and making corrections so that actual work aligns with planned objectives?
A company fails to accrue wages for march that will be paid in April. The company’s year-end balance sheet liabilities:
Which of the following statements is/are correct regarding National Stock Exchange (NSE) in India?
1)Â Â Â NSE was established in 1992.
...Financial Risk can be defined as _________
Which of the following statements correctly describes the meaning of Indian Depository Receipt (IDR)?
Which of the following is not a part of the Tier 1 Capital of a bank?
How many accounts were opened under the Jan Dhan Yojana as of August 2024?
What is the classification for an asset that has remained NPA for a period of less than or equal to 12 months according to the RBI’s IRAC guidelines? ...
As per the UK Sinha Committee, which of the following measures was proposed to improve the financing of MSMEs?
