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
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on PF Withdrawals The Employee Provident Fund Organization (EPFO) has decided to impose a tax of 10.3% on the amount withdrawn from the EPF within five years of starting the accounts.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 concerns that employ more than 20 workers, with salaries of Rs.6,500 and … Read more
General Provident Fund Interest Rate 8.7% for 2015-16 Government Decides to Fix Interest Rates at 8.7% for General Provident Fund(GPF) and other Similar Funds Including Special Deposit Scheme, 1975(SDS,1975) for Non-Government Provident, Superannuation and Gratuity Funds for the Financial Year 2015-16 It was decided by the Government to link the interest rates of State PFs … Read more
Government employees should know these rules before provident fund withdrawal Government employees should know these rules before provident fund withdrawal, Please read this news paper report:- AvoAny sum withdrawn by a subscriber at any one time for one or more of the purposes specified in Rule 15 from the amount standing to his credit in … Read more
General Provident Fund Interest Rate during the year 2014-15 – Finmin Orders PUBLISHED IN PART I SECTION 1 OF GAZETTE OF INDIA) F.NO. 5(1)-B(PD)/2014 Government of India Ministry of Finance (Department of Economic Affairs) New Delhi, the 4th March, 2014 RESOLUTION It is announced for general information that during the year 2014-2015, accumulations at the … Read more