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| *The Commerce Journal>>>India Taxes |
How is this SSN linked to PF ? |
Is this a new concept or we have it from a long time? As far as I know, SSN is a new concept in India for making EPF dept. much flexible for members. We will get a unique ssn card with a number on it. It will work like your member id and we will get so many benefits as: SSN or Social Security Number is similer to its Western Counterparts like in USA or Europe. This is a new initiative by Government of India, for digitising and regularising Provident Fund amount transfer cases. Lot of times we change companies but do not bother to withdraw or tranfer PF funds because amounts are too small. Over a long period government accumulated large un accounted funds and then thought of introducing this to curb this problem. |
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