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The employer and the employee each contribute 5 per cent (a sum equal to 10%) of the salary of employee whose earnings are above a certain threshold to funds run by banks, insurers or fund houses. Total contributions are capped at HK$1,500 a month. [3] Employees and self-employed are required to contribute 5% of their earnings to their MPF fund ...
The company had registered only 17 employees under Employee Provident Fund (EPF) despite employing 3165 people then. It had not paid EPF to employees for several years. The EPFO ordered the company to deposit ₹ 16.6 crore (US$2.0 million) with 12% annual interest and 25% annual damage penalty. [20] [21] [22] [23]
Government employees in the union government in 56 ministries [1] and departments under latter as of 1 July 2023 has 48.67 lakhs working employees and 67.95 retired employees on rolls. [ 2 ] [ 1 ] [ 3 ] Indian Railways with 1.3 million employees has highest number of employees in union government.
flybig is an Indian regional airline based in Gurugram, Haryana, India. [2] It is promoted by Gurugram-based Big Charter Private Limited.The airline began operations in December 2020 and is focused on connecting tier-2 cities within India. [3]
Extramarks was founded in 2007 by Atul Kulshrestha. [4]In November 2011, its 38.5% stake was acquired by Mukesh Ambani owned Infotel Broadband and the investment was done through an affiliate company Reliance Strategic Investments for an undisclosed amount.
EPFO is the largest social security organisation in India with assets well over ₹ 5 lakh crore (US$159 billion) as of 2014. [ 51 ] National Pension Scheme – a defined-contribution–based pension scheme launched by the Government of India open to all citizens of India on a voluntary basis and mandatory for the employees of central ...
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Pension Fund Regulatory and Development Authority (PFRDA) is the regulatory body for overall supervision and regulation of pensions in India. [2] It operates under the jurisdiction of Ministry of Finance in the Government of India.