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जून 17, 2023 की पोस्ट दिखाई जा रही हैं

EPFO stands for Employees' Provident Fund

  EPFO stands for Employees' Provident Fund Organisation. It is a statutory body under the Ministry of Labour & Employment, Government of India. It was established in 1952 to provide social security to the employees in the organized sector. The EPFO administers two schemes, namely: Employees' Provident Fund Scheme (EPS) Employees' Deposit Linked Insurance Scheme (EDLI) The EPS provides for a defined benefit pension to the members on retirement. The EDLI provides for a lump sum death benefit to the nominee of the deceased member. The EPFO has over 6 crore members and manages a corpus of over `15 lakh crore. It has a network of over 130 regional offices and over 13,000 field offices across the country. The EPFO offers a number of services to its members, including: Account opening Contribution Withdrawal Transfer Nomination Pension Death claim The EPFO is a major contributor to the social security of the employees in the organized sector. It has helped to impro

Data analytics

  Data analytics is the process of collecting, cleaning, analyzing, and presenting data to help make better decisions. Data analysts use a variety of tools and techniques to extract insights from data, including statistical analysis, machine learning, and data visualization. Data analysts are in high demand in today's economy, as businesses are increasingly relying on data to make decisions. Data analysts can work in a variety of industries, including healthcare, finance, and retail. The following are some of the skills that are essential for data analysts: Data mining: Data mining is the process of extracting patterns and trends from large datasets. Data analysts use data mining to identify hidden relationships in data that can be used to make predictions or identify opportunities. Statistical analysis: Statistical analysis is the process of using statistical methods to analyze data. Data analysts use statistical analysis to describe data, identify relationships between variab

Employee Provident Fund (EPF)

चित्र
  The Employee Provident Fund (EPF) is a retirement savings scheme in India. It is a contributory scheme, which means that both the employee and the employer contribute to it. The employee contributes 12% of their basic salary and dearness allowance, while the employer contributes an equal amount. The combined contribution is then deposited into the employee's EPF account. The EPF account earns interest at a rate that is declared by the government every year. The current interest rate is 8.5%. The EPF corpus can be withdrawn under certain circumstances, such as retirement, death, disability, or financial hardship. The EPF is a popular retirement savings scheme in India. It offers a number of benefits, including: Tax benefits: The EPF contribution is eligible for tax deduction under Section 80C of the Income Tax Act. Security: The EPF is a government-backed scheme, which means that your money is safe. Growth: The EPF corpus earns interest at a competitive rate. Flexibility: You