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EPF ACCOUNT MIGRATION
EPFO member alert! Have old, inoperative EPF account? E-PRAAPTI portal will soon help you track it easilyThe Employees Provident Fund Organisation is introducing E-PRAAPTI, a new digital portal. This platform will assist members in finding, tra...
EPFO alert for lakhs of inoperative accounts: What government wants to do with unclaimed money and how it will decideThe Ministry of Labour and Employment will refund Rs 30.52 crore from over 7.11 lakh inactive EPFO accounts, each with a balance up to Rs 1...
EPF taxation rules explained: Do you need to pay income tax if you withdraw your Employees' Provident Fund before 5 years of service?EPF withdrawals are generally tax-free after five years of service. However, withdrawals before this period may attract tax. Certain condit...
Tired of EPF passbook site errors? This govt app can help; here's howEven if the main EPFO website is down, you can still access many EPFO services, such as viewing passbooks and raising and tracking claims t...
EPF claims can be settled without seeding Aadhaar for these members: Read latest EPF rulesEPFO clarified that members exempt from Aadhaar seeding can use alternative valid ID proofs for final settlement processing. These alternat...
Can you transfer EPF account from unexempted trust to EPFO, exempted trust?EPF account transfer from unexempted trust: Many salaried individual have Employees' Provident Fund account either with EPFO or exempted tr...
Will your EPF account earn tax-free interest even after you leave job?Many salaried workers make monthly contributions to the Employees' Provident Fund (EPF) account knowing that the account will mature at the...
EPFO settles 56.79 lakh COVID-19 advance claims, releases over Rs 14,000 cr till DecemberWhen the coronavirus-induced lockdown was imposed in March, the central government had allowed over 6 crore subscribers of the Employees' P...
Voluntary provident fund: Investing, contribution, interest rate and other things to knowIf you are planning to invest in the Voluntary Provident Fund (VPF), here are the answers of the some the commonly asked questions about it.
I quit my job to start a business. Can I keep the PF with the employer till retirement?No TDS will be deducted but you will have to declare the interest every year as income from other sources in your tax returns and pay tax a...
Now, even idle EPF account will earn interestThe dilution in the definition of inoperative accounts means that from Nov 11, more account holders will get interest against funds lying i...
Budget 2016 impact: Younger subscribers worst hit by EPF taxOlder subscribers to employees’ provident fund who have periodically dipped into their corpus will also see a big chunk of their savings go...
Government decision to issue Universal Accounting Numbers to benefit 30 million workers: Ficci"This is also true in the case of all the informal sector workers which account for 94 per cent of the total Indian labour force."
More companies should shift employee retirement savings from Employees’ Provident FundAs EPF is mandated for employees with monthly salaries up to Rs 6,500, large cos have given their better-paid employees a choice to join th...
- EPFO fails to manage workers retirement savings, generate reasonable returns
Rturn from NPS was around 11.88% over the last two years against 8.8% on the EPFO. So, workers should have the choice to migrate.
- Amend the EPF Act to allow workers to migrate to NPS and earn higher returns
Government should amend the income-tax law to bring the tax treatment on NPS at par with other longterm savings instruments.
- Messy EPFO: Trace owners of inoperative accounts
The Employees Provident Fund Organisation (EPFO) is set to offer a better-than-expected return of at least 9% in 2011-12.