The labour ministry will soon issue a notification to restore pension commutation, or advance partial withdrawal, under the Employees’ Pension Scheme of the Employees’ Provident Fund Organisation (EPFO) from January 1, 2020. The move, which comes 10 years after the provision was withdrawn, follows a decision at a recent meeting of the EPFO’s central board of […]Continue Reading..
Employees’ Provident Fund Organisation (EPFO) has, today, announced the result of Phase-I (Prelims) written exam for the post of Assistants (Assistants Section Officer). A merit list has been prepared of the selected candidates in the exam. All those candidates who appeared in EPFO Assistant Exam can check the result on EPFO official website epfindia.gov.in. EPFO […]Continue Reading..
Employee Provident Fund (EPF) members can use the e-nomination facility launched by the Employees’ Provident Fund Organisation (EPFO). The EPF members whose Aadhaar is linked and verified on the member sewa portal can avail this facility. According to the notification issued by the EPFO, this facility will help EPF members in various ways. The […]Continue Reading..
Contribution towards an EPF account provides a benefit to individuals by way of a deduction under Section 80 C . It would also be good to know what would be the income tax implications of EPF withdrawal. Interestingly, EPF withdrawal is taxable under certain circumstances and exempt under the certain circumstances.\ The contribution to PF […]Continue Reading..
If you have taken a loan and failed to repay then banks through an attachment order by the court can claim your assets such as your land, shares, mutual funds, etc to compensate the loan amount. This attachment order is commonly known as freezing order. If your assets are attached then you can not use […]Continue Reading..