September 02, 2021 4:31 pm
According to the Income-tax (25th Amendment) Rules, 2021, for the purpose of calculation of taxable interest, separate accounts within the provident fund account shall be maintained during 2021-2022 and all subsequent years for taxable and non-taxable contributions made by a person.
June 14, 2021 7:13 pm
Withdrawing funds from a PF account could help ease short-term cash-flow issues but it could also impact the retirement goals of an individual.
March 26, 2021 4:36 pm
The new amendment brings no change for the private sector employees as their tax-exemption on interest income will remain capped on EPF contributions of up to Rs 2.5 lakh in a year.
December 31, 2020 8:00 pm
A large number of members of the Employees Provident Fund Organisation (EPFO) would be able to see their updated EPF accounts with credit of 8.5 per cent rate of interest for 2019-20, news agency PTI said quoting a senior official.
December 30, 2020 10:15 am
The retirement fund body is looking at crediting the interest rate in one go of 8.5 per cent instead of a split of 8.15 per cent and 0.35 per cent proposed earlier, a senior official said.
September 11, 2020 5:57 pm
Employees’ Provident Fund Organisation (EPFO) interest rate: The EPFO invests 85% of its annual accruals in the debt market and 15% in equities through ETFs.
September 09, 2020 12:46 am
Fifty five per cent of the advance claims settled during April-August 2020 were related to the Covid-19 advance, while around 31 per cent of advances settled during the period pertained to illness claims.
September 08, 2020 11:37 am
The Central Board of Trustees, in March, recommended an interest rate of 8.5% for 2019-20, a 15 basis point downward revision from the 8.65 per cent offered in the previous year.
May 14, 2020 1:14 am
“It is necessary to provide more take home salary to employees and also to give relief to employers in payment of Provident Fund dues,” said Sitharaman.
April 21, 2020 12:51 am
Exempted establishments have exemption from filing EPF returns with the EPFO and manage their employees EPF account as well as funds.
April 19, 2016 10:41 pm
Under pressure from protesting trade unions, the Centre has cancelled a notification that tightened rules for the withdrawal of Employees’ Provident Fund (EPF) accumulations till the age of 58.