Do you know how the PF fund can help a family if someone dies on duty? The EPFO can become a big support if an employee suddenly dies while doing a job. If this happens, any employee had done a job of 1 month and if he dies on duty then his nominee will get a pension. EPFO spokesman Shivendra Khampariya said that this pension is calculated according to the salary of the respective employee. Apart from this PF fund support, two children get 25 percent of pension amount.
Children get this money until the age of 25. The nominee also receives an insurance claim of Rs. 6 lakhs. EPFO subscribers can withdraw their EPF fund. If any employee deducted their EPF for 5 years or more, then he will not have to pay income tax on the fund’s withdrawal. If anybody becomes unemployed due to closing down the business due to a health problem of an employer, no tax requires paying for the withdrawal of the fund.
Advanced PF funds can withdraw for the purchase or construction of the house
Advanced PF funds can withdraw for the purchase or construction of the house, medical treatment, the marriage of him or family members. This news is so many minds blowing that the Government is also looking after the government employees as well as their family. This will bring a new happiness to all people who think that if they die for some reason then who will take care of their family?
In a way, this amazing step of the Indian government brings the smile on everyone’s faces and why not this will be gift before Holi. With this new energy, everyone can live up according to their choice. We all know expectations are high and we want to achieve everything it will take time. Our Indian government continues to work in this manner so that the faces of the people filled with joy in the coming future.
Due to this work, everyone is appreciating and it will lead to the future plan of government. One more step towards India’s prosperity and one more step towards taking India towards a developed nation. In the end, I would like to add a sentence that each one will grow then our society will go and our country as well.