Social security code may let workers choose pension, PF & health schemes
The government is mulling a bouquet of schemes to deliver pension, provident fund and health insurance benefits for all workers in the country.
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EPF
EPF rules are changing substantially: How will you be impacted?
For most salaried individuals, the Employees' Provident Fund (EPF) forms the backbone of their savings needs. Now the scheme is undergoing sweeping changes.
75% EPF withdrawal allowed if unemployed for more than 1 month (Hindi Version Included)
कर्मचारी भविष्य निधि संगठन (epfo) के सदस्य के पास अब एक महीने तक बेरोजगार रहने की स्थिति में 75% तक राशि निकालने का विकल्प होगा.
Govt notifies 8.55% interest on PF for 2017-18, lowest in 5 years
Retirement fund body has asked its field offices to credit 8.55 per cent rate of interest for 2017-18, the lowest rate since 2012-13 fiscal, into the PF accounts of around 5 crore subscribers.
How to Check Your EPF Claim Status, Pension Passbook Via Umang App
Umang app provides 213 services across 39 department in nine states. Umang can be explored on multiple channels such as smartphones, desktops and tablets.
Govt not to hike basic salary to Rs.21,000 to increase EPFO coverage
The labour ministry has decided not to act on a proposal approved by the EPFO to increase the salary threshold from up to Rs.15,000 to Rs.21,000 per month to bring more workers under mandatory EPF coverage and give them PF and pension…
Rate of Interest for State Railway Provident Fund for the period from July 2017 to September 2017
Rate of Interest for State Railway Provident Fund for the period from July 2017 to September 2017 - Rate of interest during the year 2017-18 (July, 2017 - September, 2017)
Employee Provident Fund – self-declaration for advance required in case of illness of members/…
Employee Provident Fund - EPF members now required to submit self-declaration for advance in case of illness of members/ dependents
EPF Member can withdraw 90% fund for purchase of house
EPF Member can withdraw 90% fund for purchase of house - Labour Minister reply to Rajya Sabha
EPF Form 11 – New Declaration Form replaces existing Form No: 1
EPF Form 11 – New Declaration Form replaces existing Form No: 11 and also replace Form No.13 in all such cases where existing member to the Provident Fund makes a request for transfer of his fund availing the facility of UAN
EPFO Amendments – CITU Press Statement
CITU press release on the recent amendments in EPFO and postponement of implementation
EPF Debate Prompts a Relook at Retirement Planning
Those who raised their pitch against the EPF tax proposal are claiming victory. But the withdrawal should not bury a more fundamental and longterm concern: Do we Indians plan well for life after superannuation?
EPF Interest for 2015-16 – 8.8% – Incentive for employer complying with KYC
EPF interest rate for previous year was fixed at 8.75%. For the year 2015-16, interest for contribution made by employer and as well as Employee will 8.8%.
Deduction of Income Tax on 60% of Provident Fund withdrawn – Staff Side JCM reacts
Secretary, National Council (Staff Side) has made a request to defer Income Tax on withdrawal of PF 60%
Budget 2016 – Tax Treatment on Provident Funds, Pension Fund and NPS
National Pension System is presently subjected to income tax on EET (Exempt Exempt Tax) Basis. Whereas Provident Funds such as PPF, EPF etc and Superannuation Funds are fully exempted from Income Tax on EEE basis (Exempt, Exempt, Exempt).…
Budget 2016 – PPF, EPF principal amount continue to exempt from Income Tax
Based on Budget Speech in parliament the change in taxation with regard to EPF was interpreted to the effect that 60% of Employee subscription in EPF and PPF would be subjected to income tax
Employees Provident Fund – Deduction of TDS on withdrawal of PF
Employees Provident Fund - Deduction of TDS on withdrawal of PF - EPFO Circular for instructions to all Employers regarding amendment of Section 192A of Income Tax Act 1961
New Form 11 in EPF to replace existing Form 11
New Form 11 in EPF to replace existing Form 11 - New Form 11 will also replace Form 13 for existing member of the Provident Fund who makes a request for transfer of his fund availing the facility of UAN
DA to EPF Pensioners
As per the statistics available upto 31.03.2012, the number of pensioners receiving pension less than Rs. 500/- p.m. is around 12 lakh and those receiving more than Rs. 500 and less than Rs.1000/- is around 16.05 lakh.
A number…
EPF Beneficiaries in the Country
As on 31.03.2012, total number of beneficiaries under Employees’ Pension Scheme 1995 are 41.03 lakhs and the amount of pension paid to these pensioners by the Employees’ Provident Fund Organisation (EPFO) is Rs. 4475.45 crores.