EPF Member can withdraw 90% fund for purchase of house Government to Amend EPF Scheme, 1952 to Enable EPF Members to Withdraw upto 90 Percent Fund for Purchase of House The Government has taken a decision for modification in the Employees’ Provident … [Read more...]
CBT recommends 8.65% interest on EPF
CBT recommends 8.65% interest on EPF to its subscribers for the year 2016-17 Press Information Bureau Government of India Ministry of Labour & Employment 19-December-2016 16:54 IST Shri Bandaru Dattatreya chaired the 215th meeting of the Central … [Read more...]
Central Government decides to withdraw the notification on withdrawal from EPF
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 & … [Read more...]
Premature Provident Fund withdrawal – Income tax will be imposed
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 … [Read more...]
Centre Govt Allows 5% of PF Funds to be Invested in Share Market
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 … [Read more...]
NPS is more beneficial than EPF
NPS is more beneficial than EPF Is NPS better than EPF? The NPS is more complicated than EPF, but it may ensure a sufficient retirement kitty If there’s one investment option that has received generous tax breaks in the Budget, it is the National … [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...]
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...]