Is it illegal to get PF from two companies?
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Is it illegal to get PF from two companies?
Yes, it is legal.
Can one employee have two PF accounts?
The Central Government has recently announced that the Employees’ Provident Fund (EPF) and Voluntary Provident Fund (VPF) can have two separate PF accounts if their contribution is more than Rs 2.5 lakh.
Can I work in two organizations at the same time?
Dual Employment in India or double employment rule in India means being employed by more than one employer at the same time. This means that an employee occupies full-time employment and receives wages from one employer while having an additional job in another organization.
Can a person draw salary from two companies?
18 July 2011 Yes One person can draw salary from two different company, there is no any issue. But he should disclose to any Employer company (at his option) that he is in receipt of salary from another company for the purpose of Compliance of TDS provision. This disclosure is not mandatory but it is advisable.
Can a person work for two companies in India?
No, it is not illegal to work with more than one company at a time in india. Infact, a person can take up as many jobs as they want and can accommodate in their schedule.
Can my employer know if I have another job?
It’s not inevitable that your employer will find out about your second job, but in practice – they usually do. The longer you work for another company, the more likely you are to be exposed. If your employer does find out about your second job, it’s usually due to one of the following reasons: Your performance worsens.
Can I get salary from two companies in same account?
During the financial year, an assessee can be employed simultaneously under more than one employer or can change the employment during the financial year. In both cases, employee can furnish details of salary due or received by him to either of the employer of his choice.