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متابعة

Explain the treatment of Provident Fund Employees' Contribution and Employers' Contribution in the books of accounts?

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تم إضافة السؤال من قبل مستخدم محذوف‎
تاريخ النشر: 2014/08/25
مستخدم محذوف‎
من قبل مستخدم محذوف‎

agreed with all ..................................

حسين محمد ياسين
من قبل حسين محمد ياسين , Finance Manager , مؤسسة عبد الماجد محمد العمر للمقاولات العامة

Agree with Answers >>>>>>>>>>>>>>>>>>>>

Salah Othman Yousef Alshambaati
من قبل Salah Othman Yousef Alshambaati , مدير ادارة الحسابات , شركة انفال الجديدة للتجارة والمقاولات

Agreed with the answers Mr. Ayman Mohammed Atef

ايمن محمد عاطف محمد
من قبل ايمن محمد عاطف محمد , Director of the control and regulation unit , ACOLID

The Employees' Provident Fund plays a very important role in building up the corpus to be used during the post-retirement phase of one's life. It is by far the easiest way to invest. The features of fixed returns and taxability also make it an attractive option for investing.Provident fund is a very strong investment tool as part of retirement planning. However, one should not rely totally on the EPF as due to fixed returns, it does not allow you to reap the benefits of the long-term growth in the market. Also, the corpus which one receives at the time of retirement may not be sufficient totally for the post-retirement life, considering medical inflation. Other investment options should be explored to ensure complete fulfillment of the retirement goal.

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