Investment in the scheme gives good returns (PPF maturity calculator) and tax saving option. If you are doing retirement planning or want to earn good income from investment in the long term, then you can choose this scheme. The scheme is more popular by the name of PPF.

Why is PPF considered the best option?

Public Provident Fund (PPF) is most popular because the money deposited in it, the interest received and the amount received on maturity (PPF Maturity Calculator) are completely tax free. This means that it is kept in the EEE category. EEE means Exempt. There is an option to claim tax exemption on deposits every year. No tax has to be paid on the interest received every year. Once the account matures, the entire amount will be tax free.

Who can invest in PPF?

Any citizen of the country can invest in Small Savings Scheme (PPF). It can be opened in post office or any bank. A minimum of Rs 500 and a maximum of Rs 1,50,000 can be invested every financial year. Interest is calculated on an annual basis. However, interest is decided on a quarterly basis. Currently, 7.1% interest is being received on PPF.

The maturity period is 15 years. There is no facility to open a joint account in the scheme. However, a nominee can be made. There is also no option to open a PPF account in the name of HUF. In the case of children, the name of the guardian is included in the PPF account. But, it remains valid only till the age of 18.

How can PPF really make you a crorepati? ( Can PPF make you a crorepati? )

PPF is a scheme in which it is easy to become a millionaire. For this, regular investment is required. Suppose you are 25 years old and you have started PPF. If you deposit Rs 1,50,000 (maximum limit) in the account between 1st to 5th at the beginning of the financial year, then at the beginning of the next financial year, Rs 10,650 will be deposited from interest only. Meaning, on the first day of the next financial year, your balance will be Rs 1,60,650.

By doing the same again next year, the account balance will be Rs 3,10,650. Because, Rs 1,50,000 will be deposited again and then interest will be received on the entire amount. This time the interest amount will be Rs 22,056. Because, the formula of compound interest works here. Now suppose 15 years of PPF maturity have been completed, then there will be Rs 40,68,209 in your account. In this, the total deposit amount will be Rs 22,50,000 and Rs 18,18,209 will be earned only from interest.

If you want to become a Crorepati then invest even after maturity

PPF was started at the age of 25. On maturity of 15 years, at the age of 40, there is an amount of more than 40 lakh rupees in hand. But if the planning is for the long term, then the money will grow faster. After maturity in PPF, the account can be extended by 5-5 year extensions. If the investor extends the PPF account for 5 years, then the total amount will become Rs 66,58,288 by the age of 45. In this, the investment will be Rs 30,00,000 and the income from interest will be Rs 36,58,288.

At what age will you become a Crorepati?

The goal of becoming a millionaire will now be achieved. The PPF account has to be extended once again for another 5 years, i.e. till 25 years. Again, an annual investment of Rs. 1,50,000 will have to be made. At the age of 50, a total of Rs. 1,03,08,014 will be deposited in the PPF account. The investment in this will reach Rs. 37,50,000 and the interest will reach Rs. 65,58,015.

Interest earnings will exceed Rs 1 crore ( How does PPF generate high returns? )

Another feature of PPF is that you can do a 5-year extension any number of times. Now if the account is extended for another 5 years, then at the age of 55 you will have Rs 1 crore 54 lakh 50 thousand 910. The investment in this will be only Rs 45,00,000, but the interest income will exceed Rs 1 crore and the total income will be Rs 1,09,50,911.

Investment for 35 years will give 2 crore 26 lakh 97 thousand 857 rupees

If you have invested in it for retirement, then PPF will have to be extended for the last 5 years. This means that the investment will continue for a total of 35 years. In this case, maturity will be at the age of 60. In this case, the total deposit amount in the PPF account will be Rs 2 crore 26 lakh 97 thousand 857. The total investment in this will be Rs 52,50,000, while the interest income will be Rs 1 crore 74 lakh 47 thousand 857.

If you want to double your money then invest like this

When you retire at the age of 60, there will be no tax on the large amount of more than 2 crores deposited in PPF. Usually, if such a large amount is earned from somewhere else, then a hefty tax will have to be paid on it. If both husband and wife run the PPF account together for 35 years, then the total balance of both will be 4 crore 53 lakh 95 thousand 714 rupees.

Related Articles:-

Trains Cancelled: Railways has cancelled more than 70 trains on this route from 1 December to 28 February, see the full list here

FD rate Changed: IndusInd Bank has revised the interest rates of FD, check new rate here

Bank Holidays December 2024: Banks will remain closed for 17 days next month, When will you have holidays at your place?

The post PPF maturity calculator: Earn ₹1 crore 74 lakh in interest, get ₹2.26 crore on maturity: Know the easy formula first appeared on Rightsofemployees.com.

Now more interest will be available on PF

The Board of Employees Provident Fund Organization had fixed the interest rate of 8.15 percent on EPF Account in March for the financial year 2022-23 and sent this proposal to the Ministry of Finance for approval. Now it has been approved and members will get 0.05 percent more interest than before on PF account. Significantly, for the financial year 2021-22, EPFO ​​had fixed the interest rate for EPF Account at 8.10 percent.

This is the lowest interest rate in almost 40 years. In 1977-78, the EPFO ​​had fixed an interest rate of 8 per cent. But since then it has been continuously at 8.25 per cent or more. In the financial year 2018-19, 8.65 percent, 8.55 percent in 2017-18, 8.65 percent in 2016-17 and 8.8 percent interest was available in the financial year 2015-16.

This is how PF is deducted from salary If

you look at the EPFO ​​Act, 12 percent of the base pay and DA of any employee is deposited in the PF account. On this, the concerned company also deposits the same amount i.e. 12% in the PF account of the employee. However, out of the contribution made by the company, 3.67 per cent goes to the EPF account, while the remaining 8.33 per cent goes to the Pension Scheme.

How much will the account holders benefit?

Now let’s talk about the maths of PF, then tell that if you have a total deposit of Rs 10 lakh in your PF account till March 31, 2023, then till now you used to get Rs 81,000 as interest at the rate of 8.10 per cent. On the other hand, now that the government has increased the PF interest rate to 8.15 percent, then according to this, the amount of interest on Rs 10 lakh deposited in the account will increase to Rs 81,500. That is, you will get a direct profit of Rs 500 on a deposit of Rs 10 lakh.

Now suppose an amount of Rs 5 lakh is deposited in the account of an employee, then according to the new interest rate, he will get an interest of Rs 40,750. Which used to be Rs 40,500 earlier, ie a profit of Rs 250. On the other hand, an employee with a deposit of Rs 3 lakh will get an interest of Rs 24,450.

Significantly, in a notification issued by the Employees’ Provident Fund Organization (EPFO), it has been said that the Ministry of Labor and Employment, Government of India, has given approval under Para 60 (1) of the Employees’ Provident Fund Scheme, 1952, to deposit interest in the account of each member of the EPF scheme for the year 2022-23.

Check balance easily sitting at home

You can check the current balance of your PF account in easy ways sitting at home. Many options have been given for this. You can find out through the Umang app, website or by sending an SMS from your mobile phone. You can check your balance by following these easy steps.

• Go to the official website of EPFO ​​(www.epfindia.gov.in).
• After this click on the E-PassBook option.
• On the new page, enter UAN, password and captcha code and click on login.
• After logging in, select the Member ID option to view the passbook.
• Now you will get the passbook in PDF format, which can be downloaded.
• You can also view the passbook directly by visiting https://passbook.epfindia.gov.in/.
• Now the complete information will be open in front of you.

The post EPFO Interest Rate Hike: Interest on PF now at 8.15%, know how much you will benefit, this is an easy formula first appeared on Rightsofemployees.com.

Are you working and also worried about your retirement? Have you thought how you can become financially strong after retirement? Many people plan for retirement well in advance. But first you should know which plan is best for you. The wisdom is that from the beginning of the job, you should invest a little bit for retirement. So that in old age you can accumulate a huge amount. Today we have brought one such formula for you. By investing in which you can deposit five crore rupees on your retirement.

What is this formula of Rs 442?

This formula will prove to be the best for those who have just started their job. Let us assume that you are starting investment from the age of 25. That is, you save Rs 442 every day from your salary and invest in NPS. That is, in a month you will have to invest Rs 13,260. You will have to invest Rs 13,260 every month for 35 consecutive years. If you are investing continuously till the age of 60 years, then at the time of retirement you will have collected about five crore rupees including interest. Let’s assume that you are getting 10 percent interest on your investment, then under compounding interest, your money will also increase.

Will get the benefit of the power of compounding

After investing continuously for 35 years, your total investment amount will be Rs.56,70,200. This amount of Rs 56,70,200 of yours becomes an amount of more than five crores with the power of compounding. That is, out of five crores, you will get Rs 4.55 crores as interest. When NPS matures after the age of 60 years, then you can withdraw only 60 percent of the amount. In this also you will get an amount of Rs 3 crore. After this, by investing the remaining two crore rupees in an annuity plan, you can get a fixed amount for the whole life.

The post Great Retirement Plan: This formula of Rs 442 can give you Rs 5 crore on retirement , full details here first appeared on Rightsofemployees.com.

Under this, it is proposed to determine the monthly pension on the basis of average pensionable salary received during the entire pensionable service. However, the final decision in this regard will be taken after the report of the ‘Actuary’ assessing the pension, the amount paid for it and the risk. A source related to the case gave this information.

EPFO Employees Pension Scheme

Currently, EPFO ​​uses the formula pensionable salary (average salary of last 60 months) times pensionable service / 70, for determination of monthly pension under Employees’ Pension Scheme (EPS-95). According to the source, “There is a proposal to change the formula for monthly pension under EPS (95). In this, there is a plan to include the average pensionable salary received during the pensionable service in place of the average pensionable salary of the last 60 months.

However , he clarified, “It is only at the stage of proposal and no final decision has been taken on it yet.” The final decision will be taken after the report of the ‘Actuary’.” It is noteworthy that if EPFO ​​changes the formula for pension, then it will definitely determine the monthly pension of all, including those who opt for higher pension, according to the existing formula. There will be less competition. It can be understood with an example.

Understand like this, let us assume that the average salary for the last 60 months of the person opting for higher pension is Rs 80,000 and his pensionable job is 32 years. In this case, under the existing formula (80,000 times 32/70), his pension will be Rs 36,571. On the other hand, when the average of salary is taken during the entire pensionable job, then the determination of monthly pension will be less because the salary (basic salary and dearness allowance) is less in the initial days of the job.

Option for higher pension

It is noteworthy that in November last year, the Supreme Court had asked the government to give four months time to the subscribers to opt for higher pension. EPFO has provided online facility for subscribers to fill joint option form with employers to opt for higher pension. The deadline for this was earlier May 3, 2023, which has been extended to June 26, 2023.

Contribution

At present, EPFO ​​subscribers contribute to the pension on the fixed limit of Rs 15,000 per month, while their actual salary is much more than this. With the option of higher pension, they will be able to get higher monthly pension. Employees contribute 12 percent to the social security scheme of EPFO. At the same time, out of 12 percent contribution of the employer, 8.33 percent goes to EPS. The remaining 3.67 percent goes to the Employees’ Provident Fund.

Subsidy

The government contributes 1.16 per cent as subsidy to the Employees’ Pension Scheme on a limit of Rs 15,000 basic salary. When asked about the need to change the formula, the source said, “It is actually believed that giving more pension for a long time will lead to financial burden.” That’s why a new formula is being considered.” Responding to a question regarding the Rs 6.89 lakh crore fund lying in the Pension Fund, the source said that this money does not belong only to the pensioners but to all the shareholders associated with the EPFO ​​and the employees. Nidhi Sangathan has to take care of all.

Pension Fund

It is noteworthy that according to the EPFO’s 2021-22 report, Rs 6,89,211 crore is deposited in the Pension Fund. EPFO received an interest of Rs 50,614 crore in 2021-22 on the EPS fund.

The post Pension Scheme: Big Update For Pension..! Proposal for change in formula for giving money first appeared on Rightsofemployees.com.

Demand is being made on behalf of crores of central and state government employees to restore the old pension. Some state governments have accepted the demands of the employees regarding this. But the Central Government is trying to find a middle ground regarding the old and the new pension scheme.

In view of this, Finance Minister Nirmala Sitharaman, while presenting the Finance Bill on Friday, said in the Lok Sabha that there is a need to reform the National Pension System (NPS). A committee will be formed under the leadership of the Finance Secretary. The Finance Minister proposed to constitute a committee to improve NPS in the matter related to the pension of government employees.

The committee will be constituted under the leadership of the Finance Secretary. The question is, what steps can the government take to find a middle ground amid the long-standing demand of the employees to restore the old pension (OPS)? Sources say that the government is trying to find a way through which the employees can be made happy without putting extra burden on the exchequer.

Trying to find a middle way

Sources say that Modi government is planning to find a middle way on the demand of old pension (OPS). The government is considering two options. As a first option, it is being considered that government employees should be given guaranteed pension at about 50% of the last salary received under NPS. With the implementation of this rule, changes can be made in the existing NPS without putting much burden on the exchequer.

There can be change in NPS in this way

Sources related to Finance Ministry also say that there can be change in NPS in such a way that after retirement the employee will get 41.7% amount as a lump sum amount. The remaining 58.3% amount was received on the basis of annuity. From the analysis it is found that if the 58.3% corpus made up of Central/State Government contribution (14%) is annuitised, the pension in NPS can be around 50% of the last drawn salary. No official statement has been given by the government.

The post Old Pension Scheme: Finance Minister made this formula for the benefit of the employees first appeared on Rightsofemployees.com.

After this, all those government employees of the state, who are part of the new pension scheme, will get the benefit of the old pension scheme (OPS). However, it will take some more time for the notification to be issued by the government. About 1.36 lakh employees of the state will get the benefit of this decision taken by the government. In such a situation, everyone’s eyes are fixed on the formula of the old pension scheme.

Preparation to give Rs 1,500 a month to women

In the office memorandum issued by Chief Secretary Prabodh Saxena, it was said that the employees included in the new pension scheme in the state will be given the benefit of the old pension scheme. It said that the state’s finance department will issue terms and conditions and SOP at the appropriate time. As per the election promise, the Congress government in the first cabinet meeting approved the restoration of the Old Pension Scheme (OPS). In addition, cabinet sub-committees were also formed to prepare a roadmap for giving Rs 1,500 per month to women in the age group of 18 to 60 years and create one lakh job opportunities.

Employees depositing the previous amount themselves

Let us tell you that from January 1, 2004, employees joining government jobs come under the New Pension Scheme (NPS). In Himachal Pradesh, preparations are underway on the lines of Chhattisgarh to give old pension to the employees. Employees in Chhattisgarh are withdrawing NPS money from the center and depositing the previous amount themselves.

The Government of Chhattisgarh has given the option to the state employees to come in OPS or stay in NPS. In such a situation, it is expected that Himachal government can also adopt this formula.

About Rs 800 crore will be spent this year on the implementation of the old pension scheme in Himachal Pradesh. Its expenditure is expected to increase further in the coming days. Let us tell you that the old pension scheme (OPS) has been restored in Himachal Pradesh after about 20 years.

The post Big update on old pension scheme, this will be the formula; Know from when the government will give the benefit? first appeared on Rightsofemployees.com.

Because, in the new year, the calculation of Dearness allowance will be done with the new formula. Apart from this, the central employees will also have to pay tax on the DA Hike received. Actually, the Ministry of Labor and Employment has changed the calculation formula regarding Dearness allowance.

Changes in the base year of DA Hike

The Labor Ministry had changed the base year of DA Hike in 2016. A new series of Wage Rate Index (WRI-Wage Rate Index) has been released. According to the labor ministry, the new series with base year 2016=100 will replace the old series with base year 1963-65.

Under the 7th Pay Commission, the amount of dearness allowance (DA Hike) is calculated by multiplying the current rate of dearness allowance with the basic pay. The current rate of percentage is 12%, if your basic pay is Rs.18000 DA (18000 x12)/100. Dearness allowance percentage = Average of CPI of last 12 months-115.76. Now whatever comes will be divided by 115.76. The number that comes will be multiplied by 100.

Will you have to pay tax on DA Hike?

Dearness allowance is fully taxable. Under the income tax rules in India, separate information about dearness allowance has to be given in the income tax return. You will have to pay tax on the amount you get in the name of Dearness Allowance (DA).

How much benefit do you get?

For salary calculation under the 7th Pay Commission, DA is calculated on the basic salary of the employee. Suppose the minimum basic salary of a central employee is Rs 26,000, then his DA calculation will be 38% of 26,000, which means the total will be Rs 9,880. On the next DA hike, there can be an increase of Rs 910 in the salary every month. If DA increases at the rate of 4 percent and it reaches 42%. This is an example. Similarly, the salary of other central employees will also be different in the 7th CPC Pay Matrix. It can be calculated by looking at your basic salary.

What is Dearness Allowance (DA)?

Dearness allowance is given to the government employees for their living and food. Even after the increase in inflation, there is no difference in the standard of living of the employee, so it was started. This money is given to government employees, public sector employees and pensioners. Dearness Allowance (DA) was first introduced in India in 1972 from Mumbai. After this, the central government started giving dearness allowance to all the government employees.

What are the types of Dearness allowance?

Dearness Allowance (DA Hike) is given in two ways. Industrial dearness allowance and variable dearness allowance. Industrial Dearness Allowance changes every 3 months. This is for the employees working in the Public Sector (PSU) of the Central Government. It is calculated on the basis of inflation rate of Consumer Price Index (CPI). At the same time, the revision of variable dearness allowance is done every 6 months. It is also calculated on the basis of inflation rate of Consumer Price Index (CPI).

How much can DA increase?

DA is expected to increase by 4% in January 2023. With this increase, DA will reach 42 percent. However, it is not yet clear when that will happen. But, it can be announced in March 2023 to be given around Holi. Due to increase in DA, about 50 lakh central employees and 65 lakh pensioners will get its benefit.

The post DA Increased: The formula for calculating dearness allowance will change again in the new year! details here first appeared on Rightsofemployees.com.

The amount received as gratuity is tax free and proves to be financially helpful to the employee. The amount you will get as gratuity is decided under a formula. The amount of gratuity is fixed on the basis of the salary of each person, the years of his service etc. If you too have been working in a company for 5 years or more, then here’s how you can calculate your gratuity amount.

Gratuity is decided by this formula

There is a fixed formula to decide the amount of gratuity. With this formula, you can also know how much gratuity you will get. The formula is – (last salary) x (number of years worked in the company) x (15/26). Last salary means the average of your last 10 months salary. Basic salary, dearness allowance and commission are included in this salary. Due to 4 days of Sunday in a month, 26 days are counted and gratuity is calculated on the basis of 15 days.

Suppose you earn 50 thousand

Suppose your last salary is 50 thousand rupees. In this case, the calculation will be based on this formula 50000x10x15/26. Based on this formula, you will get Rs 288461.54 as gratuity. On the other hand, if the average of your last salary is 50 thousand rupees and the duration of the job is 15 years, then according to the 50000x15x15/26 formula, you will get 432692.30 rupees. Although, if the company wishes, it can give more amount than the fixed amount as per its wish, but according to the rules, it should not exceed 20 lakhs.

In this case the calculation is done differently.

When the company or organization is not registered under the Gratuity Act, the employees are not covered under the Gratuity Act. In this case, it is the discretion of the company whether to give gratuity or not. But if the company still wants to give gratuity to an employee, then its formula is different. In this case, the amount of Gratuity will be equal to half a month’s salary for every year. But the number of working days in a month will be considered as 30 days, not 26.

The post Gratuity Update: 50000 salary and 10 years job, how much amount of gratuity will you get? Know the calculation here first appeared on Rightsofemployees.com.

Know what is the Rule of 72 Rule of 72 is considered very important from investment point of view. Most of the experts consider this to be a precise formula, through which it is decided that in how many days your investment will double. To know how much interest you will get annually in a scheme, you have to divide that interest by 72. This lets you know how much time your money will double.

Understand by example

You must have seen that many people keep their deposits lying in the bank account because they believe that annual interest will continue to be earned on it. But only 4 percent interest is available on the savings account. If we divide 72 by 4, the sum of 18 will come out i.e. in 18 years your money will be double. On the other hand, if we talk about fixed deposits, then the interest is 5 to 6 percent. Similarly, State Bank of India’s 10-year fixed deposit has an interest rate of 5.40%. In such a situation, in 72/5.40=13.33 years, that is, in 13.33 years, your amount will double.

It will be easier to choose the best scheme On the basis of this formula, you can understand which scheme is better for you. As explained to you in the example, fixed deposit is a better option as compared to savings account. Similarly, if you are investing in any other scheme, then compare it with other schemes using this formula. This will give you an idea of ​​which scheme can give you double the money in how much time. In most cases, this rule gives an almost accurate figure. However, there may be a slight difference in the result.

The post Rule of 72: Which scheme will double your money in how many days, calculate with this one formula first appeared on Rightsofemployees.com.

Although, it is difficult to say in whose favor the decision will be taken, but their arguments have been submitted from both the sides. Due to the lack of funds with the EPFO, this matter has been hanging for the last few years. It is expected that on the monthly capping of EPS pension of Rs 15000, the board of EPFO ​​will take a decision on CBT.

It can be included in the next meeting of CBT. The Supreme Court will give its verdict on the petitions of the Union of India and the Employees’ Provident Fund Organization (EPFO).

What are the rules regarding Employee Pension Scheme?

When an employee becomes a member in the Employee Provident Fund, he also becomes a member of the EPS-Employee pension scheme. Contribution of 12% of the basic salary of the employee goes to PF. Apart from the employee, the same part also goes to the employer’s account. But, a part of the contribution of the employer is deposited in the EPS ie Pension Fund. The contribution of basic salary is 8.33% in EPS. However, the maximum limit of pensionable salary is Rs 15,000. In such a situation, only a maximum of Rs 1250 can be deposited in the pension fund every month.

According to the pension rules on the maximum range, if the basic salary of an employee is Rs 15,000 or more, then Rs 1250 will be deposited in the pension fund. If the basic salary is 10 thousand rupees, then the contribution will be only 833 rupees. The calculation of pension on the retirement of the employee is also considered as the maximum salary of 15 thousand rupees only. In such a situation, after retirement, employees can get only Rs 7,500 as pension under EPS rule.

What will happen if the limit of 15,000 is removed?

According to EPFO’s Retired Enforcement Office Bhanu Pratap Sharma, if the limit of 15 thousand rupees is abolished from the pension, then more than Rs 7,500 can be got pension. But, for this, the contribution of the employer to the EPS will also have to be increased.

How is pension calculated in EPS?

Formula for EPS Calculation = Monthly Pension = (Pensionable Salary x Number of Years Contribution in EPS Account)/70.
If someone’s monthly salary (average of last 5 years’ salary) is Rs 15,000 and the duration of the job is 30 years, then he will get a pension of only Rs 6,828 per month.

How much pension will you get if the limit is removed?

If the limit of 15 thousand is removed and your salary is 30 thousand then the pension you will get according to the formula will be. (30,000 X 30) / 70 = Rs 12,857

What are the rules for pension withdrawal?

If you want to withdraw EPF amount, then you can withdraw the amount deposited in your account anytime. Whether your job is 6 months or 10 years. But, you may face some difficulty to withdraw the amount of pension. Because, there are many rules for this, which you should understand.

The post Employee pension scheme: Now after retirement you will get Rs. 12,000 pension, this formula will increase first appeared on Rightsofemployees.com.

Now only 2 months are left to pay the bonus. The new formula has not been informed by the management for the bonus to be given to the employees before Diwali. The employees are demanding the formula for the bonus to be received in the festive season. Under the performance incentive scheme, employees of Bhilai Steel Plant are provided a lump sum bonus on the basis of their performance in the financial year.

Through this scheme, employees are included in 30% of the profit and 75% in the amount received on achieving the target. Actually, the target is given to the employees in the financial year. After completing it, 70 percent of the amount is paid.

Let us inform that in the last financial year 2021-22, Bhilai Steel Plant has made a profit of 16000 crores and 13000 crores after paying taxes. Whereas in the first quarter of the current financial year, the company has seen a profit of 776 crores. In such a situation, the amount of bonus is being demanded by the employee organization from the new formula. 21000 bonus was given to the employees last year. At the same time, they are demanding that according to the profit, they should get a bonus of up to 50000 this year.

Neither the Bonus Act has been amended by the Steel Authority of India Limited. At the same time, new formulas for payment being made under the Performance Incentive Scheme have been decided. Whereas in the meeting to determine the bonus, the management had assured that the policy for the coming year would be prepared. Now the time has come for the meeting to decide the bonus and if the information about its formula is not revealed, the employees can make a big demand soon.

In the matter, Datta, president of the BSP workers union, says that last year the plant workers were given bonus. The management had then assured that the formula for awarding the bonus would be finalized next year. Management should first determine the bonus distribution formula. So that finally the employees know that according to which rules they are being paid bonus.

The post Good news for employees: Formula to be decided, Bonus amount will be up to 50000 ! know all details here first appeared on Rightsofemployees.com.