E-PaperEmployee Provident Fund News
EPF passbook: How to withdraw EPF balance online? A step by step guide?
EPF withdrawal: The EPF subscriber can apply for partial withdrawal for a range of purposes which include marriage of self or child, medical needs, house purchase, home loan repayment, or house renovation
2 min read13 Apr 2024Why withdrawal of money from your PF is fraught with challenges
A variety of reasons, from inaccurate KYC details to incorrect documentation, can hamper withdrawal of funds
6 min read12 Mar 2024Every third claim made to EPFO gets rejected
The rate of rejection by the Employees' Provident Fund Organisation (EPFO) rose from 13 percent to 34 percent in 5 years
1 min read24 Feb 2024Nominee vs legal heirs: Who will have an upper hand in EPFO fund distribution?
EPFO members nominate family for provident fund distribution. Legal heirs inherit funds if no nominee is declared. Recent Supreme Court ruling prioritizes succession laws over nomination process for fund distribution.
2 min read21 Feb 2024What you can do to get your employer to deposit PF, TDS
Complaints should be submitted to the provident fund organisation with necessary proof
6 min read20 Feb 2024New Tax Regime: Should one continue to invest in tax saving instruments such as PF, PPF, Insurance?
As the tax benefit is now foregone for an individual opting for new tax regime, he/she needs to evaluate afresh investment decision based on three fundamental principles of safety, liquidity and return.
4 min read30 Jan 2024EPFO interest news: When can you expect the 8.15% EPF rate to be credited? How to check PF balance in passbook
The government has approved an 8.15% interest rate for the Employees Provident Fund (EPF) scheme for the financial year 2022-23. Members can check their EPF balance through the official website, text messages, missed calls, or the Umang App
2 min read26 Jul 2023How is the tax on EPF interest calculated?
The accumulated PF balance to the credit of the employee as on the date of cessation of employment, is exempt from tax, if he/she has rendered continuous service for five years or more.
2 min read18 Jul 2023ITR filing, small savings scheme interest rate to PAN-Aadhaar link: Five changes in financial landscape in July 2023
PAN-Aadhaar linking: Deadline for Aadhaar-PAN linking has ended on 30th June 2023 and now one will have to pay ₹1000 for seeding the two documents
3 min read1 Jul 2023How NRIs can transfer balance amount from provident fund
Assuming you have rendered continuous service of five years or more, the withdrawal of accumulated provident fund balance is not liable for tax as per the above and accordingly, there should be no requirement for TDS.
1 min read14 Jun 2023Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared