Aadhaar No Longer Accepted as Date of Birth Proof The removal of Aadhaar, a unique identification number issued by the government of India, from the list of acceptable documents as a date of birth proof has caused significant debate and controversy. Many individuals rely on Aadhaar as a reliable and convenient form of identification, but … Read more
“CPF Pension Rates – Current Rates for Pensioners” The current pension rate of CPF pensioners who have contributed to the Contributory Provident Fund is determined by a variety of factors, including the total amount of contributions made, the length of time the contributions were made, and the age at which the pensioner started receiving payments. … Read more
State Railway Provident Fund – Rate of interest during the period from 1.7.2020 to 30.9.2020 SRPF Interest rate of 7.1% with effect from 1st July 2020 to 30th September 2020 GOVERNMENT OF INDIA (BHARAT SARKAR)MINISTRY OF RAILWAYS (RAILS MANTRALAYA)(RAILWAY BOARD) No.F(E) III/2003/PF-1/1pt. New Delhi, Dated: 29.07.2020 The General Managers/Principal Financial Advisers,All Zonall RAilways/Production Units etc.,(As … Read more
PPF Interest Rate Oct 2019 – 7.9% (SBI and HDFC PPF Interest Rate Calculation and Calculator 2019-20) Govt Notified Revised Interest Rate of Public Provident Fund (PPF) from 1.10.2019 – 7.9.% The rate of interest for Public Provident Fund (PPF) from 1.10.2019 to 31.12.2019 is 7.90 percent. PPF Interest 7.9% continues… The interest rates of … Read more
EPFO”s investment in stocks Whether it is a fact that the EPFO”s investment in stocks through Exchange Traded Funds (ETFs) would cross the Rs. 45,000 crore mark by the end of this fiscal? No. Whether it is also a fact that the rate of return on this investment for the last year was 13.3 per … Read more
Central Government decides to withdraw the notification on withdrawal from EPF Government Decides to withdraw the 10th February 2016 Notification with Immediate Effect Press Information Bureau Government of India Ministry of Labour & Employment 21-April-2016 17:51 IST Government Decides to withdraw the 10th February 2016 Notification with Immediate Effect Government had issued a notification dated 10th February … Read more
Govt puts on hold new Provident Fund withdrawal norms till July 31 The Govt puts on hold new Provident Fund withdrawal norms till July 31. New PF withdrawal norms proposes to bar withdrawal of employer’s contribution to the provident fund corpus until the employee attains the age of 58 years. On the issue of new … Read more
Reduction of Interest Rates on Public Provident Fund Interest Rates on various Small Savings Schemes for the 1st Quarter of 2016-17 notified Additional Interest Rate spreads which the Government allows on Small Savings Schemes like PPF, Senior Citizen Savings Scheme, Sukanya Samridhi Scheme and NSC etc. are being continued and included in the rates notified … Read more
Premature Provident Fund withdrawal – Income tax will be imposed Income Tax for Premature Provident Fund withdrawal of more than Rs.30,000 The Government has announced that income tax will be imposed if, at the time of premature withdrawal, the Provident Fund amount is in excess of Rs.30,000. Finance Minister brought a new provision in his … Read more
Centre Govt Allows 5% of PF Funds to be Invested in Share Market The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed … Read more