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Voluntary Provident Fund, Difference between VPF, EPF and PPF

Apr 28, 2020

For employees who are covered under EPF(Employee Provident Find or EPF), besides their compulsory contribution to PF there is a provision for an additional or Voluntary contribution to EPF popularly called as Voluntary Provident Fund or VPF. The employer will not...

MDR and Using Debit and Credit Cards at Petrol Pumps

Jan 13, 2017

Banks and oil marketing companies (OMCs) will bear transaction charges also known as Merchant Discount Rate or MDR, for the fuel bought using cards at petrol pumps, Oil Minister Dharmendra Pradhan said on 12 Jan 2017.  Charges related to card use at gas stations come...

Debit Cards and Credit Cards: Plastic money

Aug 16, 2016

Credit cards or debit cards are called Plastic cards. Plastic cards are one of the most popular forms of payment. In fact, Plastic cards are an inevitable part of our life. They allow cardholders to pay for goods and services easily and conveniently and provide an...

Basics of Service Tax

Mar 26, 2012

Union Budget 2012 delivered a staggering blow by hiking the service tax and excise duty from 10% to 12%. Our expenses are bound to go up too as the service tax net has been widened to include almost all services. Only 17 items, such as essential education, public...

Basics of Employee Provident Fund: EPF, EPS, EDLIS

Feb 22, 2012

Employee Provident Fund (EPF) is one of the main platforms of savings in India for nearly all people working in Private sector Organizations. This article is about what is Employee Provident Fund(EPF), Employee Pension Scheme(EPS), Employees Deposit Linked Insurance...
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