What is Provident Fund and Why You Need It?

[@homekitchenwithsanaimran]

good job

[@Sabzgumbd]

Very good,aap boht achi vedoes bana rahy hain.best of luck.

[@adilmehmood420]

Very Informative. Thanks Sir

[@husnainumer4301]

Superb bro informative video

[@AbdulGhafoor-uu4zv]

A.o.A ? Sir I want to know what is the gratuity law for the person who is not member of provident fund

[@AbdulGhafoor-uu4zv]

Sir I wanna discuss with u some matter regarding gratuity Kindly send me ur number

[@yousaffkhalid4608]

Excellent vedio

[@muhammadsalman4120]

Nice Sir to educate the people's

[@laibakakar50]

Out standing explanation sir🤲🤲🤲💓💓💓💓💓💓💓

[@waseembaig2609]

Excellent presentation 👏👏👏👏

[@humanresourcemanagement4293]

Excellent video you made........ Thank you

[@Shafayvlogs44]

PF fund board and mechanism and investment must add in next video

[@kitchenwithkcricket1177]

Very very informative.

[@shahanbabarofficial]

Thank you

[@ranasattar5698]

Good

[@zaryabawan8070]

Good job uncle

[@zaghumshah7248]

Very informative!

[@asifajabeen3328]

Zabardast

[@shahanbabarofficial]

Thank you ❤️

[@salmanzaib565]

superb... very informative, keep up the good work brother.

[@shahanbabarofficial]

Thx

[@suriyavanshi2017]

Video is good , you are confident in your presentation but you didn't clear of company says we employee in lump-sum salary even if you are perment employee but you are not eligible for provident found .

[@Abdullah-bd3yi]

Aap baghair music Kay video banay....

[@shahanbabarofficial]

Thank you. Now, I'm creating videos without background music.

[@qktv]

Very informative Shahan. Keep it up.

[@shahanbabarofficial]

Thx

[@OMubashir]

PF ki amount py interest rate ka kia process hota hay? companies kis hisab say detin hain interest kia pakistan main state bank of pakistan ky interest rate py paisay miltay hain ya koi or hisab hota hay ?

[@shahanbabarofficial]

Ye apko koi finance expert bata sakta hai

[@MrNosharwankhalid]

Is there any profit sharing ratio also defined in this PF claws? Secondly, kindly input background music in low pace.

[@shahanbabarofficial]

There is a method named KIBOR for profit sharing, please Google it for details. I'll keep appropriate volume of background music in next video. Thank you for the feedback.👍

[@MrNosharwankhalid]

@@shahanbabarofficial Thanks Mr. Shahan for share informative videos also make a video in gratuity fund

[@shahanbabarofficial]

@@MrNosharwankhalid uploaded

[@malikkashif173]

How to check pf contribution online ? Please made video to this topic

[@shahanbabarofficial]

Dear Viewer, This can not be checked online.

[@malikkashif173]

@@shahanbabarofficial thank you very much for your quick response

[@ZEESHANJAVA]

Thanks. have been searching for such video. Please can you share a sample calculation sheet for unrecognized PF which company invest and getting 8%-9% APR. Principal+Company Contribution+Profit. You get the idea

[@shahanbabarofficial]

Couldn't get it, consult with some finance expert

[@fareedamumtaz5103]

thnk u plz tell regarding District Municipal Corporation sindh Provident funds rules of Sindh

[@shahanbabarofficial]

The Provident Fund rule is standard, I believe.

[@fareedamumtaz5103]

@@shahanbabarofficial ok

[@meettaf85]

Yeh btayen k maximum kitna PF deduction krwai ja skti he salary se. Aur ziada krwane pe tax waghera to lagain gy. Main union member hoon aur negotiate kr skta hoon. Agr faida he to kindly update krain.. abhi 10% chal rhi he

[@shahanbabarofficial]

Ji aap 12 ya 15% bhi karwa saktey hain.. faida ho ga employees ka

[@tahirmehmood8322]

Sir app poora incom tax ordinance section wise post kry

[@umermirza27]

Graduaty or provident fund me kya difference hai ??

[@shahanbabarofficial]

Both are legal benefits, you can watch both videos

[@fareehanaeem3818]

Provident fund basic salary pay deduct hota hay ya Gross salary pay?

[@shahanbabarofficial]

Depends upon the companies internal policy. Mostly companies apply on basic but some companies apply it on Gross. There is no limitations for employer.

[@suriyavanshi2017]

According to law provident found is natatory to its emplyees

[@drivein861]

PF ma cost of company ka kya matlb hai??

[@shahanbabarofficial]

Company also contributes the same amount as much as employee does.

[@nazishmasood3989]

Bhai puri bat q nahi btaty calculation gross par hy ya badic par ???

[@hafizrashidaansari4812]

Unrecognize provident fund ka annual external audit hota he

[@shahanbabarofficial]

Hona chahiye

[@sogekek]

You didnt discuss interest in all of this

[@babercobaig9844]

Sir if employee wants to withdraw. What are the rules is that company discretion.

[@suriyavanshi2017]

So in such situations what is legale precusions

[@shahanbabarofficial]

If employer is niether providing PF nor gratuity then they are violating govt. policy you can talk to yourr HR or any authority

[@malikibrahim2103]

@connect HR many two year company main work keya jb resign daya to jitny days kaam kia tha wo paisy mily mtlb 6 day kaam kia 6 hazar mila or mera comission jo sales ka bnta tha to kia main aj be waha HR contact krky apna( PF) ly skta hun please guide me

[@starkhan5906]

Pension ar provident fund mai difference kia hai?

[@salmanhabib8158]

Sir kya 5 year kay baad hi employer contributions employees ko deya jata hai hamari co may yeh hi polocy hay kya yeh theek hai ?

[@shahanbabarofficial]

Agar company PF nahi dey rahi to Yeh policy bilkul theek nahi hai.. aap ka aik saal poora hua to aap gratuity k haqdaar ho

[@dietismagic123]

one year complete hony pr p.f double hokr mlna chye?

[@shahanbabarofficial]

No. PF jitna bhi company ney deduct kiya ho, utna he add ho k milna chahiye.. chaahey wo aik maheenay ka hee kyun na ho.

[@dietismagic123]

ji ma yhi poch rhi thi ya rule ha agr koi private organisation p.f rkh rhi h jb bh hm resign krain woh hmara p.f jo salary sa deduct kya h woh double krka dain

[@shahanbabarofficial]

@@dietismagic123 yes you are right

[@dietismagic123]

thanks for reply

[@zilalkhizer5780]

Sir please guide me agar company apny employer ko job se fire karti hai to final settlement kitny days me clear kary gi

[@shahanbabarofficial]

Labor law which is for worker category says 48 hours. But Management staff is mostly paid in a month

[@alimola7404]

👌

[@AmzPixie]

Why gratuity is not payable during the existence of provident fund??

[@shahanbabarofficial]

Gratuity is payable with PF. But choice is given to the employer from Govt. to either provide both or atleast one out of these two benefits.

[@AmzPixie]

@@shahanbabarofficial okay thanks

[@mohsinanwar4404]

Bhai agar provident fund active ho tu kya os employee ki graguaty be be active rhay ge os kay resign karnay tak ya phir resign kay bad siruf PF he deya jay ga grajuaty nai.kindly tell me?

[@shahanbabarofficial]

It depends upon your company policy. If Company offers both, then both will be paid.

[@mohsinanwar4404]

@@shahanbabarofficial bhai law main Kya hy? agar ak company main PF active hy and private company grajuaty nai dayti kya court say ham claim kar ky lay saktay hain ye nai .kindly tell me about law according this.thanks

[@shahanbabarofficial]

@@mohsinanwar4404 No, Company is not bound to pay both benefits. It's company's good will if they pay both or them.

[@mohsinanwar4404]

@@shahanbabarofficial ok very thanks

[@adnannasir1277]

Sir pf ksy hasil krn agr compny tng kry to.

[@shahanbabarofficial]

Preferably request Kar k.

[@RazaMohammad-g7e]

Agr company continue 3 year se provident deduct kar Rahi ha or apne pese os m add nhi kar Rahe or 3 year k bad apne pese add kar Rahe hn to ye Sahi ha

[@shahanbabarofficial]

At the time of leaving the company, if you are getting double of your deducted amount then It's fine. If they are paying only your deduction back then it's not legal practice.

[@asmalive1237]

Can you please let me know the minimum binding of law to decide pf percentage if are going towards pf implementation in a manufacturing company??

[@shahanbabarofficial]

Minimum is 5%

[@accountantstars3044]

What is the minimum Contribution to the Employer? as per law.

[@asmashamim5391]

Sir mera beta aik company se switch Karna chah Raha he usko is se achi opportunity Mili he is lie aur us ne aik mahina ka notice bhi dya he lekin company k boss ne usko bola k tum notice nhi de sakte hum Tumhe turminate Kar Rahe hen aur tumharaPF bhi nhi denge aur 18din ki salary bhi nhi milegi .is k lie humen kia Karna chahye plz reply me

[@shahanbabarofficial]

Employee can consult with any legal advisor. If any company violates labor laws.

[@asmashamim5391]

@@shahanbabarofficial thanks

[@zunairasheikh9983]

Please share the complete process of full n final settlement calculation

[@shahanbabarofficial]

It varies company to company. Discuss with your HR department.

[@syedfarooqazam988]

Gross salary or basic salary

[@shahanbabarofficial]

varies company to company policy

[@babercobaig9844]

Babar sb can u please clearify if pf is applicable on basic salary or on full salary

[@shahanbabarofficial]

It depends on company either they opt Basic salary or gross for PF. Mostly companies go for basic.

[@sherazsabri5355]

Sir explain LPR Leave encashment Time Scale

[@shahanbabarofficial]

A video about leaves is uploaded

[@chasifhr]

I have one question if I have one year contract and complete now I have given resignation..but company didn't want to give provident fun..how I get this

[@shahanbabarofficial]

See if it is mentioned in your Contract that you will get PF, secondly if the PF amount was being deducted from your salary. If yes, please talk to the HR department of the company.

[@UmarFarooq78]

Mic problem??????

[@shahanbabarofficial]

Yes Dear, I'm looking for a mic completable with smart phone for these videos

[@samrinajabeen4413]

Informative videos but agar koe company PF fund na pay kry to?

[@shahanbabarofficial]

Company is violating the law. If not providing anything out of Gratuity or PF.

[@fgdgfhdh8915]

Muje Mari company PF nhe Dy rhi man ny 15 years asi company man kam keya ha pf ki bat be ki our Mari sallry sy dedication be hoti rhi ha kia koe bty ga man Kia kron?

[@fgdgfhdh8915]

Muje Mari company PF nhe Dy rhi man ny 15 years asi company man kam keya ha pf ki bat be ki our Mari sallry sy dedication be hoti rhi ha kia koe bty ga man Kia kron?

[@shahanbabarofficial]

@@fgdgfhdh8915 contact HR or company owner instead of complaining at Pakistan Citizen Portal or Labor Court

[@fgdgfhdh8915]

@@shahanbabarofficial اصل میں نے بھائی یہ ایک پرائیویٹ کمپنی ہے لیبر کنٹریکٹر ہے جس کے پاس میں نے 15 سال کام کیا ہے اور ان کے ساتھ بات بھی ہوئی تھی پی فنڈ کی تو اب وہ نہیں دے رہے ہے کیا کرو مجھے مل سکتے ہیں پیسے میرے پاس ان کے لیٹر ہیڈ کا وہ جو ایگریمنٹ تھا وہ پڑا ہوا ہے

[@bilalahmedkhattak8190]

in the end

[@babercobaig9844]

Shahan sb , can you please clearify, lile u said PF is mandatory from Government of Pakistan. But i know many companies they dont offer Provident fund to their employees. They only offer gratuity. Can you explain the actual law.

[@shahanbabarofficial]

Employer has the choice as per law, either they pay gratuity or PF. Any one of these two is compulsory. Employers can offer both and few employers are offering both benefits.

[@babercobaig9844]

@@shahanbabarofficial thank you very much for your reply. Just one more clarification. What if one employee contract was negociated with emp in lump sum and emp agreed but later that employee started claming the PF on full salary that was written as lump sum .

[@bakhtsardar840]

8.33 on basic salary or gross??

[@shahanbabarofficial]

Depends upon company, both are allowed.

[@mehrozkhan9542]

@@shahanbabarofficial Please refer me Criteria as evidence , so that I recommend company that Percentage is 8.33%

[@mehrozkhan9542]

Like any Act OR rules where % is mentioned

[@shahanbabarofficial]

find in Factories Act 1973

[@shahanbabarofficial]

Minimum is 5%

[@tauqeerasif6534]

Hi Shahan Thank you very much for the information Could you please also elaborate if gratuity or PF made mandatory by the Govt. or does it come under company compliance to conform? Furthermore, could you please help me to get a draft (sample) of PF policy for my ease of understanding. I appreciate that buddy

[@tauqeerasif6534]

Adding to my previous comment, in unrecognized PF is there any involvement of FBR or audit? @connectHR

[@shahanbabarofficial]

@@tauqeerasif6534 pakistancode.gov.pk/pdffiles/administratord058f1585ed54ef81974349bcf705d53.pdf

[@umarsameeed8946]

informative but Irritating music

[@mohammadyasin8921]

Hi Shahan, Your video is very informative. I just want to ask is there any official law by the Government in which it is mentioned that PF is mandatory for private organizations especially in Sindh? Actually, I am trying to initiate PF in my own company therefore I need complete information regarding PF.

[@shahanbabarofficial]

Please get Sindh Labor Laws book of any authentic publisher

[@5690087]

I have been with a company since 2016, they are now introducing PF. Should I be getting from the day I joined or when PF is introduced to the company in whole?

[@shahanbabarofficial]

When PF is introduced.

[@eliase04]

i donot like this vedio because you didnot menetioned that from which sources the additional amount is added to GP? is it interest?

[@shahanbabarofficial]

Company invest your amount in any side business and earn money and share it's profit with you.. People say that money which is coming without any effort is interest, If you think It's interest don't take it.

[@maryamhamid117]

Provident fund is not mandatory to be constituted in every establishment.

[@shahanbabarofficial]

Either PF or Gratuity, any one of them is compulsion

[@adv.alipiracha6211]

Can you pls mention the relevant law in which it should be mentioned that what is (Provident fund or gratuity) is mandatory and what is optional? Quick response would be highly appreciated

[@shahanbabarofficial]

@@adv.alipiracha6211 none of them is optional specifically. Employer is bound to opt atleast one of these two benefits.

[@azadahmed5654]

salman k bhai