Benefits of Superannuation rates in India According to the law, every employer is liable to pay a calculated amount on behalf of an employee to the super fund; this is called superannuation fund. Employees have the choice to get the amount into their superannuation fund or want to get entitled for the retirement fund. For an employer the term employee in context with super fund contribution is not limited to an individual only, means a contractor will be benefitted with the fund. Rules regarding Superannuation rates It is now obligatory to send the relevant data of superannuation rates and released payments from the employer via automatic mode known as Super Stream. The designing of the software is made to simplify the employer's work regarding the minute calculations of each employee's funds. The submission date for the super stream process is until Oct. 31, 2015, for the large category employers, and for the rest, the date is until June 30, 2016.
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