7th Pay Commission Salary Calculator January 2025 (53% DA Updated)
January 2025 DA Calculator (56% Confirmed!)10% Tax Proposed on PF Withdrawals The Employee Provident Fund Organization (EPFO) has decided to impose a tax of 10.3% on the amount withdrawn from the EPF within five years of starting the accounts. EPF accounts have to be created in all the … [Read more...]
Second Round of Tripartite Consultations on EPF & MP Act Amendments Held
Second Round of Tripartite Consultations on EPF & MP Act Amendments Held Bandaru Dattatreya Chairs Tripartite Consultations The Second Round of Tripartite Consultations on Employees Provident Fund and Miscellaneous Provisions Act,1952 (EPF … [Read more...]
Employees Under the Employees Provident Fund(EPF) to be Provided two Options
Employees Under the Employees Provident Fund(EPF) to be Provided two Options The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the … [Read more...]
Extension of PPF Scheme to private sector banks
Department of Posts issued a detailed order including the list of private banks to authorize to transfer of Public Provident Fund accounts from Head Posts Offices to Nationalized Banks… SB ORDER No. 11/2014 F.No.32-01/2014-SB Government of … [Read more...]
Online Transfer of Provident Fund
Online Transfer of Provident Fund A revised transfer claim settlement process has been started through an Online Transfer Claim Portal to smoothen the process of transfer of PF accounts. The revised process has following features:- (i) The claim can … [Read more...]
Simplification of rules, procedure on withdrawals from Provident Fund by Railway employees-reg.
Simplification of rules/procedure on withdrawals from Provident Fund by Railway employees NFIR National Federation of Indian Railwaymen No.I/3/Pt.I Dated: 25/10/2013 The Secretary (E), Railway Board, NEW DELHI Dear Sir, Sub: Simplification of … [Read more...]