Bayt.com

Start networking and exchanging professional insights

Register now or log in to join your professional community.

Follow

Provident Fund Employees' Contribution is deducted from salaries payable to employees.

Explain why then it is considered as a benefit to the employee?

Accounting Cost Accounting Financial Reporting Financial Accounting Financial Management
user-image
Question added by Deleted user
Date Posted: 2014/08/25
Upvote (0) Views (6) Followers (1) Answers (1) Report Question
Write an Answer
Register now or log in to answer.
q q
by q q

It is a benefit as it encourages savings, its tax free and earns8 % interest per annum. The employee is allowed interest free loan from his Provident Fund too.

Write Your Answer
More Questions Like This