Employee Provident Fund is a savings scheme designed to give salaried people a financial benefit upon retirement. But despite digital literacy making inroads, people still face problems when it comes to withdrawing the EPF post their retirement or after quitting… Here’s a step by step process to guide you through the same.
The assessee would be required to provide additional information on dividend income, and dividend income chargeable at Double Taxation Avoidance Agreement (DTAA) rates.
New Delhi: The Employees’ Provident Fund Organisation is likely to consider a proposal to credit the subscribers’ share of its exchange traded funds (ETF) investments to their provident fund accounts which can be redeemed at the time of withdrawal. EPFO’s decision making body Central Board of Trustee (CBT) headed by Labour Minister Santosh Gangwar will […]
New Delhi: The government has increased the rate of interest for General Provident Fund (GPF) and other related schemes by 0.4 percentage points to 8 per cent for the October-December quarter. The rate is in line with that for Public Provident Fund. The interest rate on GPF was 7.6 per cent for the July-September quarter […]
New Delhi: In a major development, the government has raised interest rates on small savings schemes, including NSC and PPF, by up to 0.4 per cent for the October-December quarter, in line with rising deposit rates in the banks. Interest rates for small savings schemes are notified on a quarterly basis. The rates of interest […]
New Delhi: Courts have finally come to the rescue of lakhs of investors who face the prospect of losing their entire retirement savings parked in the toxic IL&FS bonds by their respective pension and provident fund (PF) trusts. The National Company Law Appellate Tribunal (NCLAT) hearing petitions with respect to IL&FS resolution on Monday directed […]
Salaried employees looking to switch jobs must know whether the new organisation is exempted or un-exempted ones. Organisations which manage the provident fund and pension fund by themselves through a Trust are called exempted, while un-exempted companies are those where the pension fund is maintained by the EPFO. Things to remember while filing for PF […]
Bhubaneswar: The Central government is likely to implement the New-Wage Code Bill 2021 from April 1, 2021. This may change the existing monthly Provident Fund (PF) and gratuity contributions by employees. As per the provisions under the new system, the share of basic salary in CTC could be 50 per cent or more. It means […]
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