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Deduction of Income Tax on 60% of Provident Fund withdrawn – Staff Side JCM reacts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). Changes made in Income Tax Provisions in the Budget 2016 has sought to rationalize all these Provident Funds and Pension Funds as far as treatment of income tax in respect of these schemes are concerned
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 of representations have been received against meager pension and demanding increase in the pension. In order to address this issue, the Government of India constituted…
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.