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
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employees should know these rules before provident fund withdrawal, Please read this news paper report:- AvoAny sum withdrawn by a subscriber at any one time for one or more of the purposes specified in Rule 15 from the amount standing to his credit in … Read more
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 India Ministry of Communications & lT Department of Posts Dak Bhawan, Sansad Marg, New Delhi-110001, Dated: 22.09.2014 To All … Read more
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 be submitted by the member in the online mode in addition to physical mode. (ii) The … Read more
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 rules/procedure on withdrawals from Provident Fund by Railway employees-reg. Ref: (i) Railway Board’s letter No. F(E)/III 77 PFI/3 dated 27/5/1977. (ii) Rule 925 … Read more
EPFO Rerformance in September 2013 Press Information Bureau Government of India Ministry of Labour & Employment 18-October-2013 17:11 IST EPFO Rerformance in September 2013 While reviewing the work of Employees Provident Fund Organisation during September 2013, it has been observed that the Organisation settled 7,96,759 claims in its 123 offices located throughout the country compared … Read more