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Company Name Stock Name Date Announced Name Address :DIGI.COM BROAD :DIGIT :29/05/2012 :Employees Provident Fund Board :Dingbat 19, Angular WSP, Japan Raja Last, 50350 Kuala Lumpur :EPF Act 1991 ERIC/Passport
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What is employee provident fund?
Employee provident fund is a retirement savings scheme in which both the employee and employer contribute a certain amount from the employee's salary each month. The fund is managed by the government or a designated authority to provide financial security to employees after their retirement.
Who is required to file employee provident fund?
Employers who have more than a certain number of employees, as defined by the law, are required to file employee provident fund. The exact threshold may vary by jurisdiction.
How to fill out employee provident fund?
To fill out the employee provident fund, employers need to collect the necessary information from their employees, including personal details, salary information, and the amount of contribution deducted from the employee's salary. This information is then submitted to the appropriate authority along with the required forms and documentation.
What is the purpose of employee provident fund?
The purpose of employee provident fund is to provide employees with a financial safety net after their retirement. It helps them accumulate savings over their working years, which can be withdrawn as a lump sum or as a pension after retirement.
What information must be reported on employee provident fund?
The information that must be reported on the employee provident fund includes personal details of the employee (such as name, address, and identification number), salary information, contribution amount, and any changes to the employee's employment status or salary during the reporting period.
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