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It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.
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NGO Portal is a comprehensive knowledgebase of NGO’s and Non-Profits from India and around the world.
It contains a wealth of information regarding NGOs, NGO management, finalcial and legal aspects.ngo database, ngo funding agencies, ngo india, indian ngos, international ngos, ngo training institutes
, financial management related ngos, legal aspects related ngos, fcra related ngo, income tax related ngo, registration related ngo,
provident fund related ngo, grants management in ngo, hr related ngo, developement jobs in ngo, consultants in ngo, admin related ngo,
vehicle management in ngo, travel related ngo, contracts in ngo, ngo news

Provident Fund

Provident Fund

PROVIDENT FUND: Provident fund  is a measure for social security for workers in the organized sector.   This facility is also available to individuals and other organizations on an optional basis. If an organization has more than 19 employees this Act applies with certain conditions as laid out in the PF Act.  Temporary employees also are to be counted.  However, casual labour need not be counted as employees. 

Types of Provident Fund: There are four types of Provident Fund – Statutory Provident Fund, Public Provident Fund, Recognised Provident Fund & Unrecognised Provident Fund.  We will discuss these separately. 

Provident Fund is exempt for:    

 •co-op societies with less than 50 employees.          

 • NGOs which works with support from Govt. Grants          

 • For newly set up organizations, this is exempt for the first three   years. 

How much needs tobe deducted every month:          

• 10% of employees monthly salary            

   Addl.1,67%is contributed by the employer            

 • The NGO also has to deposit 8.33% for the Pension Fund          

   Calculate contribution on the basis of actual  salary drawn during a                month.     %


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