Q. At present, apart from the basic pay and allowances as a part of compensation, the employees and employers contribute 12% Of basic wages each towards Employees Provident Fund scheme and Employees Pension Fund scheme. A proposal to reduce the contribution by employers and employees to 10% of basic pay and dearness allowance was listed on the agenda for a recent meeting of Employees Provident Fund Organisation held. The stakeholders expressed their reservations about it and they feel that it should be continued at 12%. Explain any two needs as suggested by Maslow's Need Hierarchy Theory, which will not be satisfied by the incentives discussed above.

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Solution

This is not a social science question.

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Q. Statement: Why don't you go to the court if the employer does not pay you the Provident Fund contribution?
Assumptions:
I. Courts can intervene in matters of dispute between employer and employees.'
II. It is obligatory for the employer to pay the Provident Fund contribution to the employees.

Q15) EPFO made UAN mandatory for all employers under Employee Provident Fund Act, 1952. Presently, which of the following schemes are in operation under the Act?

1) Employees' Provident Fund Scheme, 1952

2) Employees' Deposit Linked Insurance Scheme, 1976

3) Employees' Pension Scheme, 1995

Code:

Q. As per the Employees Provident Funds and Miscellaneous Provisions Act,

1952

the employees contribute a total of ________ to the funds established under the schemes prescribed by the Central Government.

Q. Which of the following items is part of compensation of employees? Give reasons for your answer.
(i) Entertainment allowance to an employee to entertain business guests.
(ii) Employers' contribution to gratuity fund of the employees.
(iii) Employee's contribution to provident fund.
(iv) Payment of claim of insurance claim by LIC to the injured worker.
(v) Old age pension.
(vi) Medical expenses of a firm on treatment of employee's family.

Q. Contribution of employee in Employee Provident Fund and Pension Fund?

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