Latest Updates - What's New - Today's HotEPFO”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 […]
Reduction in PF contribution
Reduction in PF contribution With a view to bring contribution under Employees’ Provident Funds and Miscellaneous Provisions (EPF & MP) Act, 1952 to be paid by employer and employee at par with other savings instruments like the National Pension System, Contributory Provident Fund etc., an agenda item for lowering the rate of contribution from the […]
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 & 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 […]
Govt puts on hold new Provident Fund withdrawal norms till July 31
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 […]
Reduction of Interest Rates on Public Provident Fund
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 […]
Tax on Provident Fund withdrawn
Tax on Provident Fund withdrawn The Centre has withdrawn its proposal to impose tax on Employee Provident Fund (EPF) withdrawals. From the very beginning, Central Government Employees unions all over the country have been opposing the government’s decision to impose tax on the money that they had been saving during their entire careers. After the Union […]
Centre decides to withdraw tax on Provident Fund
Centre decides to withdraw tax on Provident Fund News have surfaced that the Prime Minister has instructed the Finance Minister to put a hold on the proposed plan to impose taxes on PF withdrawals. Finance Minister Arun Jaitley is expected to make an official announcement in this regard shortly. Employee unions all over the country have been […]
Deduction of Income Tax on withdrawal of Provident Fund 60%
Deduction of Income Tax on withdrawal of Provident Fund 60% NATIONAL COUNCIL (STAFF SIDE) Joint Consultative Machinery for Central Government Employees 13-C, Ferozshah Road, New Delhi – 110001 E Mail: [email protected] No. NC-JCM/2016 Dated:- 1st March, 2016 To The Hon’ble Finance Minister, Government of India, North Block, New Delhi. Dear Sir, Sub: Deduction of Income […]
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 Provident Fund amount is in excess of Rs.30,000. Finance Minister brought a new provision in his […]
Central Government employees should know these rules before provident fund withdrawal…
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:- Avoid Tax on Provident Fund Withdrawal… Follow Income Tax Rules before GPF withdrawal… Click the link to view the news paper report as image… Source image and news from […]