PF tax ceiling will be applicable to GPF as well: CBDT chairman
3 years, 10 months ago

PF tax ceiling will be applicable to GPF as well: CBDT chairman

Hindustan Times  

The Budget provision that makes interest on employee contributions exceeding ₹2.5 lakh a year to the Employees’ Provident Fund taxable will also be applicable to all government employees covered by the General Provident Fund, Central Board of Direct Taxes chairman Pramod Chandra Mody said. According to the Central Board of Direct Taxes chairman, the new provision, which will be applicable for contributions made from April 1, 2021, would not affect most provident fund subscribers. Budget 2021-22 has rationalised tax-free income on provident fund contribution by high income earners by making the exemption on interest income earned on annual contribution to ₹2.5 lakh applicable to all provident funds, Mody said in an interview. A provident fund expert said on condition of anonymity that most employees contributing more than ₹2.5 lakh annually will fall under the 30% tax slab, which would significantly reduce returns from the retirement fund.

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History of this topic

EPFO fined ₹1.5 lakh for not revising pension amount
1 day, 10 hours ago

EPFO fined ₹1.5 lakh for not revising pension amount

Hindustan Times  

The State Consumer Disputes Redressal Commission has directed the Employees Provident Fund Organisation, Chandigarh, to pay compensation of ₹50,000 each to three subscribers for not revising their pension without any valid reasons. As per the order, EPFO has been directed to pay for causing mental agony, harassment and unfair trade practice. Krishan Murari and two other employees of Punjab State …

EPFO key amendments: Now faster claims and more interest benefits for members
1 week, 5 days ago

EPFO key amendments: Now faster claims and more interest benefits for members

India Today  

The Employees Provident Fund Organisation has introduced major changes to provide financial relief and faster claim settlement for Employees Provident Fund members. KEY UPDATE ON INTEREST PAYMENTS EPFO announced that the Central Board of Trustees has approved an important amendment to paragraph 60 of the EPF Scheme, 1952. BENEFITS FOR EPF MEMBERS Speaking to The Economic Times, Puneet Gupta, Tax …

How PF withdrawal from ATMs could benefit you, starting in 2025
1 week, 5 days ago

How PF withdrawal from ATMs could benefit you, starting in 2025

India Today  

All servicemen and women with ensured PF accounts will likely be able to withdraw PF directly from ATMs without undergoing lengthy bank procedures. Dawra noted that more than 7 crore workers joined PF coverage since 2017, strengthening India's social security system. The Employees Provident Fund Organisation plans to link PF accounts to an ATM-compatible system, allowing subscribers to access their …

You can withdraw PF from an ATM starting 2025, announces labour ministry
1 week, 6 days ago

You can withdraw PF from an ATM starting 2025, announces labour ministry

Hindustan Times  

Starting next year, 2025, EPFO subscribers will be able to withdraw their Provident Fund through ATMs, Labour Ministry Secretary Sumita Dawra announced on Wednesday. The Employees' Provident Fund Organisation currently has over 70 million active contributors. Efforts to extend social security benefits to gig workers are in advanced stages, with a scheme being finalised to include benefits like medical coverage, …

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?
1 week, 6 days ago

EPFO Provident Fund withdrawals through ATMs: How does it work and what should you expect?

India TV News  

From 2025, Employees Provident Fund Organization customers will be able to withdraw their Provident Fund directly from ATMs, eliminating lengthy deposit procedures. This move is part of a larger effort to modernise India’s social security services: Enhanced convenience: Subscribers will no longer need to navigate tedious claim-filing procedures or wait for fund disbursal. Expanded social security coverage: Over 7 crore …

Provident fund big update: You can withdraw PF directly from ATMs starting next year
Trending News
2 weeks ago

Provident fund big update: You can withdraw PF directly from ATMs starting next year

India TV News  

Here's a big update for provident fund subscribers. Starting next year, EPFO subscribers will be able to withdraw their provident funds directly from ATMs. A claimant, beneficiary, or insured person will be able to access their claims conveniently through ATMs, with minimal human intervention," the Labour Secretary said. Regarding plans to extend social security benefits to gig workers, Dawra said …

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report
2 weeks, 6 days ago

EPFO 3.0: ATM Access To PF And Removal Of 12% Contribution Cap On The Cards: Report

ABP News  

The Employees' Provident Fund Organisation is set to introduce a series of transformative features under its proposed upgrade, EPFO 3.0. These changes, aimed at enhancing accessibility and flexibility for members, include ATM-enabled withdrawals, removal of the current contribution cap, and pension conversion options, according to a report by ET Now. Key Highlights of EPFO 3.0 PF Withdrawals via ATMs: The …

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report
2 weeks, 6 days ago

EPFO 3.0 may allow ATM withdrawal of PF, scrap 12% contribution limit: Report

Hindustan Times  

The Employee Provident Fund Organisation is planning to upgrade to a new version called EPFO 3.0. This will include features like withdrawing provident fund money from ATMs, contributing more than the current 12% limit, and converting PF savings into a pension, ET Now reported. However, discussions regarding all of the new features and policy changes for EPFO 3.0 are currently …

EPFO board pitches amnesty plan for PF payment violations
3 weeks, 3 days ago

EPFO board pitches amnesty plan for PF payment violations

Hindustan Times  

In a key decision, the central board of trustees of the Employees’ Provident Fund Organisation, in its 236th meeting chaired by labour minister Mansukh Mandaviya on Saturday, approved reinvesting 50% of its redemption proceeds from exchange traded funds back into equities. The board also recommended to the Union government a national EPFO amnesty scheme 2024 for all types of employers …

Govt may lift cap on EPF contributions in key push for savings scheme
3 weeks, 5 days ago

Govt may lift cap on EPF contributions in key push for savings scheme

Hindustan Times  

The Union government is considering doing away with caps on the share of an employee’s salary contributed towards pension to enable higher deductions by those who want higher retirement payouts, as part of a series of upcoming reforms, a senior labour ministry official said on Thursday. An employer and worker both are required by law to contribute 12% of a …

EPF has issues. Can you say No to it?
1 month ago

EPF has issues. Can you say No to it?

Live Mint  

Savings are meaningless if you cannot access them. Most companies deduct 12% of an employee’s basic pay plus dearness allowance and retaining allowance as the monthly EPF contribution. Corporate policy When Thanigai Ravindran’s wife joined a new company as a French translator her EPF contribution dropped fromRs 6,000 to ₹1,800 per month. Some companies allow employees to switch from 12% …

New pension platform to ease payouts: Minister
1 month, 1 week ago

New pension platform to ease payouts: Minister

Hindustan Times  

The labour ministry will switch to a centralised pension-payment system from 2025, allowing retirees to receive monthly payouts from any bank or its branches in any location throughout the country, for which a large-scale test run was recently carried out. Mansukh Mandaviya The new platform for subscribers of the Employees’ Provident Fund Organisation, the state-run retirement fund manager, is aimed …

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs
3 months ago

EPFO Raises PF Withdrawal Limit: New Rule Allows Higher Payout for Personal Needs

News 18  

The Employees’ Provident Fund Organisation has raised the one-time withdrawal limit for provident fund accounts to Rs 1 lakh, doubling the previous limit of Rs 50,000. The EPFO manages the provident fund, pension, and insurance schemes for the organised sector employees in India, primarily through the Employees’ Provident Fund scheme. Mandaviya also announced another key update: the government has relaxed …

What are the issues faced by EPFO pensioners?
3 months, 1 week ago

What are the issues faced by EPFO pensioners?

The Hindu  

The story so far: Nearly 78 lakh Provident Fund pensioners across the country under the Employees’ Pension Scheme, 1995 of the Employees’ Provident Fund Organisation will receive their pension through any bank, any branch from January 1, 2025. The Union Labour Ministry cleared the proposal earlier this month for a Centralised Pension Payment System as part of the EPFO’s ongoing …

The woes of pensioners and PF members
11 months, 3 weeks ago

The woes of pensioners and PF members

The Hindu  

The Employees’ Provident Fund Organisation ’s recent clarification on the implementation of the 2022 Supreme Court verdict on higher Provident Fund pension seems to have added to the woes of pensioners and PF members. Issues in pension computation In the most contentious matter of pension computation, the clarification, which states that pension will be calculated as per paragraph 12 of …

EPFO net October member additions at 1.53 million
1 year ago

EPFO net October member additions at 1.53 million

Live Mint  

New Delhi: The Employees' Provident Fund Organisation net added 1.53 million members in October, an increase of 18.22% from a year ago, according to provisional payroll data released on Wednesday by the labour ministry. Additionally, the payroll data showed that around 1.10 million members had exited the EPFO, only to re-register with the organisation within the same month. "These members …

EPFO Logs 17.21 Lakh Net Members In September
1 year, 1 month ago

EPFO Logs 17.21 Lakh Net Members In September

ABP News  

The Employees' Provident Fund Organisation saw a net addition of 17.21 lakh members in September, according to the payroll data released on Monday. It explained, “These members switched their jobs and re-joined the establishments covered under the ambit of EPFO and opted to transfer their accumulations instead of applying for final settlement thus, extending their social security protection.” Against the …

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data
1 year, 4 months ago

EPFO added 17.89 lakh net members in June this year in 11-month high, says govt data

India TV News  

The Employees' Provident Fund Organisation added 17.89 lakh net members on a net basis in June 2023, according to data released by the Ministry of Labour and Employment. State-wise analysis State-wise analysis of payroll data shows that the five states of Maharashtra, Tamil Nadu, Karnataka, Gujarat, and Haryana have the highest net member addition. The other four states are as …

Tech tips: Check your EPF balance online| Follow these simple steps
1 year, 4 months ago

Tech tips: Check your EPF balance online| Follow these simple steps

India TV News  

The Employees' Provident Fund is a significant retirement savings scheme that is mandatory for all employees in India earning up to Rs 15,000 per month. Another convenient option is to use the UMANG application, also known as the "m-Sewa app of EPFO." Here's how: Open the UMANG application and look for "EPFO" under "Employee Centric Services" on the home screen. …

Centre ratifies 8.15% interest rate on EPF for 2022-23
1 year, 5 months ago

Centre ratifies 8.15% interest rate on EPF for 2022-23

Deccan Chronicle  

New Delhi: The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As …

Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%
1 year, 5 months ago

Govt hikes interest rate on Employees Provident Fund for 2022-23 to 8.15%

Hindustan Times  

The government has ratified the rate of interest at 8.15 per cent rate on deposits under the Employees Provident Fund scheme for the financial year 2022-23. Retirement fund body EPFO on March 28, 2023, had marginally raised the interest rate on employees' provident fund deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As per an …

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here
1 year, 5 months ago

EPF Update: Govt Approves 8.15% Interest Rate for Fiscal 2023-24; Details Here

News 18  

The central government has approved to credit interest at 8.15 per cent to the Employees’ Provident Fund scheme for 2023-24. The EPFO’s Central Board of Trustees on March 28 set an 8.15 per cent interest rate on provident fund for this fiscal. According to an Employees’ Provident Fund Organisation office order issued on Monday, July 24, the labour ministry has …

EPFO Added Fewer New Members in March, Shows Data; Maharashtra Added the Most
1 year, 7 months ago

EPFO Added Fewer New Members in March, Shows Data; Maharashtra Added the Most

News 18  

The number of net members added by the Employees’ Provident Fund Organisation declined in March this year compared to the previous month. As per data released by the EPFO, in March, 13.40 lakh net members were added compared to 13.96 lakh in February and 14.86 lakh in January. Gender-wise, the enrolment of net female members has been 2.57 lakh in …

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23
1 year, 7 months ago

EPFO data: 13.4 lakh members added to retirement fund body in March, 1.39 crore in 2022-23

India TV News  

EPFO Data: According to payroll data released on Saturday, the retirement fund body EPFO added 13.40 lakh members on a net basis in March, taking the total addition to 1.39 crore in 2022-23, The latest data suggested that a total of 1.22 crore members were added to the EPFO on a net basis in 2021-22. Out of 13.40 lakh members …

Higher pension: EPFO directs offices to calculate dues with interest
1 year, 7 months ago

Higher pension: EPFO directs offices to calculate dues with interest

The Hindu  

The Employees’ Provident Fund Organisation has issued an internal circular directing its regional offices on the method to calculate the dues of subscribers who apply for higher PF pension. According to the circular, 8.33% of employer share on higher pay from November 16, 1995 or from the date the pay exceeds the wage ceiling of ₹6,500 and 1.16% of employer …

VPF vs PPF: What should salaried employees opt for?
1 year, 7 months ago

VPF vs PPF: What should salaried employees opt for?

Live Mint  

Better returns are always welcome, which is why investors look for ways to earn more on their investments. Salaried employees looking for risk-averse investment options to grow their money prefer government- Benefiting from higher interest rate While both are good, one may contribute a notch higher to Voluntary Provident Fund for added benefits. The interest rate on VPF contributions is …

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms
1 year, 8 months ago

From PF Settlement, Pension To Nomination: 5 Types Of Provident Fund Forms

News 18  

The Employees’ Provident Fund Organisation is a statutory body that manages the Employees’ Provident Fund and other schemes related to the welfare of an employee. We have listed down a few types of EPFO forms that employees must have information about: –Form 19: This form is used to withdraw the EPF balance after leaving the job. The employer is required …

Minister clears the air over clause restricting persons opting for higher PF pension
1 year, 8 months ago

Minister clears the air over clause restricting persons opting for higher PF pension

The Hindu  

Union Labour Minister Bhupender Yadav on Thursday clarified that employees and pensioners covered under the Employees’ Pension Scheme of 1995, “are not restricted from filing application forms/ joint options,” in the absence of the requirement of permission under paragraph 26 of the Employees’ Provident Fund Scheme, 1952. Replying to a set of questions raised by John Brittas, Communist Party of …

EPFO fixes 8.15% interest rate on provident fund
1 year, 8 months ago

EPFO fixes 8.15% interest rate on provident fund

Hindustan Times  

The Employees Provident Fund Organisation, the retirement fund manager to India’s nearly 70-million-strong salaried class, has fixed an 8.15% interest rate on employees’ provident fund for 2022-23, a member of its Central Board of Trustees told HT. Provident fund savings are mandatory under the Employees Provident Funds and Miscellaneous Provisions Act. Provident fund savings are mandatory under the Employees Provident …

EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23
1 year, 8 months ago

EPFO fixes 8.15% interest rate on employees' provident fund for 2022-23

India Today  

The retirement body fund Employees Provident Fund Organisation on Monday fixed the employees’ provident fund for 2022-23 at 8.15 per cent, reported news agency PTI quoting sources. The fresh rate is 0.5 per cent higher than the 8.1 per cent interest rate EPFO had declared for 2021-22, which also was the lowest in almost four decades. “The Employees’ Provident Fund …

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23
1 year, 8 months ago

EPFO Fixes 8.15% Interest Rate On EPF For 2022-23

News 18  

The Employees’ Provident Fund Organisation has fixed 8.15% interest rate on Employees’ Provident Fund for the financial year 2022-23. “The Employees’ Provident Fund Organisation’s apex decision making body Central Board of Trustees has decided to provide 8.15 per cent rate of interest on EPF for 2022-23 at its meeting on Tuesday,” news agency PTI quoted a source as saying. The …

2-day EPFO board meeting from today: List of issues likely to be taken up
1 year, 8 months ago

2-day EPFO board meeting from today: List of issues likely to be taken up

Hindustan Times  

The Central Board of Trustees of the Employees Provident Fund Organisation will convene in New Delhi on Monday for a 2-day meet, during which they are expected to discuss a host of issues, including the interest rate for the financial year 2023-24. Higher pension: The board may hold detailed discussions regarding the higher pension option for subscribers after the Supreme …

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today
1 year, 8 months ago

EPF Interest Rate Likely To Be Revised Down To 8%, EPFO Board Meet May Decide Today

News 18  

The interest rate on the employees’ provident fund is likely to be revised, even as the retirement fund body EPFO’s board meets on Monday. According to an ET report recently, the government might peg the interest rate on PF deposits at about 8 per cent for the financial year 2022-23, as compared with 8.1 per cent currently. For 2021-22, the …

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha
1 year, 8 months ago

’Significant drop’ achieved in EPF’s actuarial deficit, Centre informs Rajya Sabha

The Hindu  

A “significant drop” has been achieved in the actuarial deficit of the Employees’ Pension Fund, according to the Central government. This has become possible thanks to improvement in the quality of data in respect of members of the Employees’ Pension Scheme, 1995 and amendments carried out based on recommendations of the actuarial valuation report, and suggestions of the Union Finance …

More than one lakh people opted for higher PF pension, Centre tells Rajya Sabha
1 year, 9 months ago

More than one lakh people opted for higher PF pension, Centre tells Rajya Sabha

The Hindu  

The Centre on Thursday informed Rajya Sabha that 1,20,279 employees have submitted joint options at the Employees’ Provident Fund Organisation portal for higher pension. Answering a question from Communist Party of India MP John Brittas, Minister of State in Union Labour Ministry Rameswar Teli said the total number of beneficiaries of the Supreme Court judgement on higher PF pension will …

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details
1 year, 9 months ago

EPF Interest Credit: Member Accounts Of 98% Contributory Firms Updated Till Mar 6, Check Details

News 18  

Employees’ provident fund member accounts of 98% of contributory firms or establishments have been updated with the latest interest credit till March 6, 2023, Parliament was informed on Monday. “This is an ongoing process, which has been taken up in a scheduled manner post development of software and by March 6, 2023, the process has been completed in respect of …

EPF Board meet pushed to March 27-28
1 year, 9 months ago

EPF Board meet pushed to March 27-28

The Hindu  

The government on Monday announced the deferral of a meeting of the Employees’ Provident Fund Organisation board, where it is expected to finalise the EPF rate to be paid on crores of formal sector workers’ retirement savings in its custody for 2022-23. Chaired by Union Labour and Employment Minister Bhupender Yadav, the board of trustees of the EPFO was earlier …

Confused Between PPF And EPF? Here's What You Should Know Before Investing
1 year, 9 months ago

Confused Between PPF And EPF? Here's What You Should Know Before Investing

News 18  

You might have heard the term employees’ provident fund and public provident fund numerous times. The interest rate on the EPF account has been set at 8.10 per cent for the current fiscal year. Every month, 12 per cent of the employee’s basic pay and dearness allowance must be contributed into the EPF account and the employer also shares an …

EPFO adds net 14.93 lakh subscribers in December
1 year, 10 months ago

EPFO adds net 14.93 lakh subscribers in December

Live Mint  

New Delhi: Retirement fund body Employees’ Provident Fund Organisation added 14.93 lakh subscribers on a net basis in December 2022, provisional data by the labour ministry showed on Monday. “Year-on-year comparison of payroll data reflects an increase of 32,635 in net membership addition in December, 2022 as compared to the corresponding month during last year in 2021,” the ministry said …

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022
1 year, 11 months ago

Provident Fund Body EPFO Adds 16.26 Lakh Net Members In November, 2022

ABP News  

The Ministry of Labour and Employment on Friday released provisional payroll data of the Employees’ Provident Fund Organisation, and said that the EPFO has added 16.26 lakh net members in the month of November 2022. The data shows an increase of 25.67 per cent in net additions compared to the previous month in October 2022, which indicates increased participation of …

Employee Provident Fund (EPF): What are the new tax rules you need to know?
1 year, 11 months ago

Employee Provident Fund (EPF): What are the new tax rules you need to know?

Live Mint  

Employee Provident Fund Organization, one of the largest social security organisations in the world, is in charge of managing the welfare programme known as Employee Provident Fund. EPF was earlier under the Exempt taxation framework, i.e., EPF was tax-free at: Investment stage: When a contribution was made, one could claim a deduction under section 80C against the employee’s contribution upto …

Time to streamline the Provident Fund pension scheme
1 year, 11 months ago

Time to streamline the Provident Fund pension scheme

The Hindu  

For around 70 lakh pensioners, the end to the agonising wait for higher pension under the Employees’ Pension Scheme, 1995, appears to be no where in sight even though it has been over two months since the Supreme Court of India reiterated, as a matter of principle, its approval of the idea of higher pension. In October 2016, the top …

Evasion of PF contribution: Action initiated against 200 firms in Ludhiana
2 years ago

Evasion of PF contribution: Action initiated against 200 firms in Ludhiana

Hindustan Times  

Regional provident fund commissioner-1 Saurabh Swami, who assumed charge on Tuesday, has initiated action against 200 establishments in the city for intentionally hiding the actual number of employees working with them in order to avoid depositing their provident fund contribution. Ludhiana’s new regional provident fund commissioner-1 Saurabh Swami addressing mediapersons. Swami said, “There are as many as 13,000 companies registered …

What is Public Provident Fund? All you need to know
2 years, 3 months ago

What is Public Provident Fund? All you need to know

Live Mint  

Public Provident Fund is a popular low-risk saving scheme run by the Government of India. In addition, the investors enjoy tax benefits since the principal, maturity amount, and the interest earned on PPF is exempt from taxes as it comes under the EEE category. Linking with Aadhaar The government has mandated to link Aadhaar to PPF account at the time …

How much of your EPFO money is invested in stocks
2 years, 4 months ago

How much of your EPFO money is invested in stocks

Live Mint  

The Employees Provident Fund Organisation or EPFO members having a provident fund account get tax-free and risk-free guaranteed return on their money. While replying to a question raised by Lok Sabha lawmakers including Ravi Kishan and Manoj Tiwari, the Minister of State for Ministry of Labour & Employment Rameshwar Teli said, "Employees’ Provident Fund Organisation invests 85 per cent of …

EPF Pension Case : Provident Fund Members Don't Automatically Become Eligible Under EPS, EPFO Tells Supreme Court
2 years, 4 months ago

EPF Pension Case : Provident Fund Members Don't Automatically Become Eligible Under EPS, EPFO Tells Supreme Court

Live Law  

The Employees Provident Fund Organisation on Tuesday told the Supreme Court of India the structure of Employee Provident Fund Scheme and Employee Pension Scheme is entirely different.EPFO, appearing through Senior Advocate Aryama Sundaram made the submission before Justices UU Lalit, Aniruddha Bose and Sudhanshu Dhulia. The Employees Provident Fund Organisation on Tuesday told the Supreme Court of India the structure …

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22
2 years, 6 months ago

Centre approves 8.1% interest rate on employees' provident fund deposit for 2021-22

Firstpost  

The 8.1 per cent EPF rate of interest is the lowest since 1977-78, when it stood at 8 per cent New Delhi: The government has approved 8.1 per cent rate of interest on employees’ provident fund deposits for 2021-22 – an over four-decade low – for about five crore subscribers of retirement fund body EPFO. Earlier in March this year, …

EPF Interest Rate: PF Members to Get 8.1% Interest for 2021-22; Lowest Since 1977-78
2 years, 6 months ago

EPF Interest Rate: PF Members to Get 8.1% Interest for 2021-22; Lowest Since 1977-78

News 18  

The government has approved a four-decade-low interest rate of 8.1 per cent on employee provident fund deposits for 2021-22, according to news agency PTI quoting an EPFO office order. The retirement fund body had in March decided to pay an 8.1 per cent rate of interest on the provident fund deposits for the financial year 2021-22, against 8.5 per cent …

Implement PF to AIDS control staff: HC tells PF office
2 years, 7 months ago

Implement PF to AIDS control staff: HC tells PF office

Deccan Chronicle  

Visakhapatnam: The Andhra Pradesh High Court has directed the employees provident fund authorities to consider representations for implementation of provident fund benefit to all members of AP State Aids Control Society Employees’ Union. A single judge bench headed by Justice Ravi Cheemalapati held the hearing on a batch of petitions and directed the regional officer of EPFO, Guntur, to consider …

EPFO new guidelines: PF contribution above ₹2.5 lakh? Here are new tax rules
2 years, 8 months ago

EPFO new guidelines: PF contribution above ₹2.5 lakh? Here are new tax rules

Live Mint  

In the latest move, the Employees' Provident Fund Organisation has released fresh guidelines regards to taxes and deductions on interest earned on EPF accounts. The government's statutory body has announced a new structure of tax deducted at source on provident contributions above ₹2.5 lakh annually for the private sector employees. Under the new guidelines which were issued on April 6, …

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