Dear Colleagues,
I wish to know what is forfeiture clause in PF act? What is the applicablility?
Thanks in advance
Shashi
SS (VP) 20 October 2010
Dear Colleagues,
I wish to know what is forfeiture clause in PF act? What is the applicablility?
Thanks in advance
Shashi
SS (VP) 21 October 2010
As per the rules, if an employee want to close his account prematurely due to not continuing in work, I understand that some percentage of the accumulated amount will be deducted while payment.
Is this clause applicable now? If so what %gae etc, Requests experts to please clarify.
Thanks
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