EPFO had recently announced a very important news for lakhs of its Subscribers. The regulatory fund has allowed its members to withdraw more money from account as COVID-19 advance. EPFO said that considering urgent need of members for financial support in these trying times, it has been decided to accord top priority to COVID-19 claims. Hence […]Continue Reading..
After the announcement of Dearness Allowance (DA) restoration of near 52 lakh central government employees, 7th pay commission fitment factor has suddenly become a talking point for central government servants (CGS). According to the 7th CPC fitment factor, 7th pay commission pay matrix and 7th CPC salary of a central government employee will be decided […]Continue Reading..
Labor Codes: If you are doing a job, then some changes can be seen in the salary in your hands. The reason for this is that all four labor codes are likely to be implemented in the next few months. With the implementation of these four labor codes, the take-home salary will be reduced and the retirement […]Continue Reading..
If you are having difficulty in withdrawing PF money or have some other problem, now you can also complain to EPFO through your WhatsApp. The Employees’ Provident Fund Organization (EPFO) has started a WhatsApp helpline service for immediate resolution of the complaints of its shareholders. This facility includes other platforms for resolution of grievances of EPFO such […]Continue Reading..
Finance Minister Nirmala Sitharaman has announced to raise the limit for tax exemption on interest earned on provident fund contribution by employees to Rs 5 lakh per annum in specified cases as against Rs 2.5 lakh that she had proposed in the Union Budget 2021. The new provision would come into effect from April 1. […]Continue Reading..
Employees can expect a major change in their salary structures if the government notifies the new wage code. The rules are likely to kick in from April 1. The government’s notification on Code on Wages 2019 may reduce the take-home pay of employees. Under the new rules, allowances would be a maximum of 50 per […]Continue Reading..
The maximum working hours in offices could be increased to 12 hours. The new rule could kick in from April 1. The central government is bringing a slew of new rules which would affect the working population. It is all part of the changes introduced in the Wages Code Bill which was passed in Parliament […]Continue Reading..
Finance minister Nirmala Sitharaman announced in Budget 2021 that interest on employee contributions to provident fund of over ₹2.5 lakh per annum would be taxed, starting from 1 April. Up to ₹2.5 lakh has been kept as the deposit limit for which interest is tax exempt, finance minister said. At least 12% of an employee’s basic salary and performance […]Continue Reading..
Salary hikes this 12 months may not translate into larger cash-in-hand for workers if organisations select to pay extra in provident fund (PF) contributions as a result of new definition of wages proposed by the federal government, confirmed a examine. While 88% of corporations mentioned they intend to extend pay in 2021, up from 75% final 12 months, […]Continue Reading..
The government of India has released interest on PF in the accounts of Employees’ Provident Fund subscribers, which might prompt many to find out how much interest they have received on their PF savings. UMANG app is a government app that besides allowing people to get their PF account details also helps them get details of their […]Continue Reading..