Providentfund

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

12 June 2012 What ie difference between RPF, UPF, SPF and PPF
i know only PF that regulated and operated by Government

Kindly explian me how and where these are put into prctice

Ki$hor B

Ki$hor B (Expert)
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12 June 2012 RPF: Registered Provident fund
UpF: Unregistered PF
SPF: Superannuation PF
PPF: Public PF.

The first three are managed by the employer by way of deductions from the salary.

PPF is the amount deposited by an assessee into the PPF a/c as a means of savings & mostly for availing tax deduction.

Post up a msg below if you've understood.

Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2012 Thank You Sir

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Querist : Anonymous

Querist : Anonymous (Querist)

14 June 2012 Sir one doubt again raised in my mind we are deduting 12% from Employee and our (employer)contribution 12%+1.61%(including Five PF Accounts) according to your answer, is our 13.61% come under RPF,UPF and SPF and employer 12% is PPF account is it correct sir

Kindly give me Clarification

Ki$hor B

Ki$hor B (Expert)
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15 June 2012 12+13.61% contribution is for a single PF. The same cannot be divided across several PFs.