The Employees’ Provident Fund Organisation rolled out new norms for taxation and deductions on the employees’ retirement accounts. The statutory body directed that tax deducted at source (TDS) will be levied on the date of the credit of interest on PF accounts if they are not in final settlement or transfers. The body introduced a …
PF Account-PAN linking can save TDS, Details here Read More »
Tax on PF account From April 1, the existing PF account can be divided into two parts, which will also be taxed. According to the rules, there will be no tax on contribution up to Rs 2.5 lakh in PF account. Interest earned on contributions above this will be taxed. GST e-Invoicing The Central Board …
These Eight Rules Changing From April Will Have Direct Impact On Your Pocket Read More »
The biggest changes that are going to happen from April 1, 2022, the most important is the tax on PF account. Actually, the Central Board of Direct Taxes (CBDT) has decided to implement the Income-tax (25th Amendment) Rule 2021. That is, a cap of tax free contribution up to Rs 2.5 lakh is being imposed …
Big news for EPFO account holders. Actually, the Employees’ Provident Fund Organization has made the e-nomination process mandatory for its account holders. That is, from now on without e-nomination you cannot check the balance of your PF account. Along with this, if you do not complete this process, you will not be able to get other benefits related …
EPFO: Account Holders Should Do This Important Work By March 31 Read More »
EPFO tweeted, ‘If an EPF member wants to change the existing EPF or EPS nomination, then he can file a new nomination. The new EPF or EPS enrollment will supersede the previous enrollment. How to Change PF Enrollment To file e-nomination for PF account, EPF members need to visit http://www.epfindia.gov.in. There visit the ‘Services’ section …
Want To Change Nomination in EPF/ EPF Account? Follow This Easy Way Read More »
A pension of Rs 1,000 is not enough for the subscribers of Employees’ Provident Fund Organization (EPFO). It needs to be increased. A committee of Parliament on Tuesday said that giving Rs 1,000 as minimum monthly pension to subscribers under EPFO’s pension scheme is too low. In such a situation, it is necessary that the …
Pension Of Rs 1000 is Not Enough For EPFO Subscribers: Parliament’s Committee Read More »
The two-day meeting of the Central Board of Trustees (CBT) of Employees’ Provident Fund Organization (EPFO) began in Guwahati on Friday. A major decision has been taken on Saturday after a thorough deliberation in the meeting. The interest rate on deposits in EPF has been changed and it has been reduced from 8.5 to 8.1 …
EPF Account scam: The incident of missing Provident Fund capital of employees saving their life’s capital for retirement after working for 30-32 years can shock you. But in the last few months, the incidents of money disappearing from the Provident Fund in different parts of the country are surprising. In Kandivali, Mumbai, EPFO employees took …
Alert: Money is Disappearing From EPF Accounts. Check Your Balance Regularly Read More »
Sub:- Mandatory activation of Multi-Factor Authentication-Req. Sir/Madarn, It is informed that, with immediate effect, installation of 2 Factor Authentication (2FA) has been made mandatory by NIC for using the email id on “@epfindia.gov.in” domain. All users availing the email services from NIC (i.e. @epfindia.gov.in) need to use 2 Factor Authentication (2FA) to access their email …
EPFO Issue Info for Mandatory activation of Multi-Factor Authentication Read More »
Sub:- Mandatory activation of Multi-Factor Authentication-Req. Sir/Madarn, It is informed that, with immediate effect, installation of 2 Factor Authentication (2FA) has been made mandatory by NIC for using the email id on “@epfindia.gov.in” domain. All users availing the email services from NIC (i.e. @epfindia.gov.in) need to use 2 Factor Authentication (2FA) to access their email …
EPFO Issue Important Circular for Mandatory activation of Multi-Factor Authentication Read More »
EPFO issues instructions to credit interest of 8.5% for the year 2020-21 into some 25.0 crore accounts of members with EPFO.
In this era of Corona crisis, the Modi government at the Center will pay the PF money deducted from his salary till March 31, 2022, next year. Finance Minister Nirmala Sitharaman on Monday extended its deadline under the Self-Reliant India Employment Scheme (ABY Scheme) from 30 June 2021 to 31 March 2022. In order to …
EPFO redressed over 164000 grievances & queries through WhatsApp mechanism Employees’ Provident Fund Organisation -EPFO has redressed more than one lakh 64 thousand grievances and queries through WhatsApp mechanism.Ministry of Labour and Employment in a statement said that this has led to decline in registration of grievances and queries on social media like Facebook and …
EPFO redressed over 164000 grievances & queries through WhatsApp mechanism Read More »