Income tax benefits on EPF contributions and withdrawals: All you need to know

The Employee Provident Fund (EPF) is an excellent tool for salaried to accumulate funds for their retirement. Income tax has implications at the time of contributions, interest earned as well as withdrawal of balance. Let us discuss the income tax implications of EPF contributions and withdrawals. Contribution stage The employer deducts you EPF contribution @ […]

Continue Reading..

EPFO issues clarification on this important matter – Here is what EPFO said

The statutory organisation under Labour and Employment Ministry, Employees’ Provident Fund Organisation (EPFO) has issued a clarification on an article published in a section of  media on 18.11.2020 under the caption “EPFO subscribers, firms down in Oct”. In this regard, EPFO has categorically clarified that the information contained in the article is incorrect and unsubstantiated. […]

Continue Reading..

Good News! Digital Pramaan Patra can now be submitted at any time of the year

The Employees’ Provident Fund Organisation (EPFO) will allow pensioners to submit their digital Pramaan Patra at any time during the year as per their convenience and not just during the months of November & December. The life certificate will remain valid for one year from the date of submission. For example, The Digital Life Certificate […]

Continue Reading..

Good News!! Your Diwali Bonus will Directly Come into Your Bank Account

Six crore members of the Employees Provident Fund Organization (EPFO) in two installments in 2019-1. It was decided to pay interest for the financial year and the first installment could be transferred to the shareholders’ account till Diwali. EPFO has to pay interest at the rate of 7.50% on PF. He will pay 7.15 per […]

Continue Reading..

Provident Fund Online Nomination: How To Submit Details, Check Important Rules Here

Retirement fund body Employees’ Provident Fund Organisation (EPFO) allows subscribers to submit their Provident Fund (PF) account’s nomination details online via its official portal- unifiedportal-mem.epfindia.gov.in. Employees’ Provident Fund (EPF) is a mandatory contribution from every employee towards his or her retirement savings. According to EPFO’s portal- it is important to nominate members to the EPF account. Then […]

Continue Reading..

Have an EPF Query? Ask Your Queries on Easily on WhatsApp Chat

Retirement fund body, the Employees’ Provident Fund Organisation (EPFO) recently launched a WhatsApp helpline service for its members. According to a statement issued by the Ministry of Labour and Employment on October 13, 2020, “This facility has been given in addition to the various other means of grievance redressal forums of EPFO which include web-based […]

Continue Reading..