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EPF DUES ON TIME
EPFO asks retired employee to return Rs 2.5 crore PF money over company's trust exemption lapse; he fights in HC and winsA retired employee received relief from the Telangana High Court. The Employees' Provident Fund Organisation had demanded Rs 2.5 crore PF m...
EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...
ET Alpha Wealth Summit: Rajeev Thakkar of PPFAS MF explains when to hold, when to exit, and why most investors get it wrongPPFAS CIO Rajiv Thakkar said successful investing depends more on patience than frequent trading. He advised avoiding unnecessary selling, ...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
EPFO: When can EPF interest be credited to your account? Check hereEPFO subscribers are awaiting their FY 2025-26 interest credit, despite the 8.25% rate announcement in March. While delays are common due t...
Salary hike this appraisal season? New labour codes and tax rules may change your real take-home payAppraisal season this year saw companies begin aligning salary structures with new labour codes and updated income tax rules. While some fi...
Now make EPF payments via net-banking as Federal Bank launched this facility for its customersFederal Bank now allows customers to pay Employee Provident Fund dues through its net-banking platform. This new facility offers a convenie...
Hike in minimum EPS pension of Rs 1,000 under consideration by EPFO: Know who will benefit and how?EPFO members' long wait for a higher minimum monthly pension under EPS-95 may soon end. The Ministry of Labour and Employment is reportedly...
Wrong EPF joining or exit date? This small error can cost you big; Here’s how to fix it fastSmall errors in EPF joining or exit dates can cause major financial problems. These mistakes can delay fund withdrawals and even impact you...
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
EPFO extends facility to de-link wrong member IDs: Who should apply? Step-by-step process explainedEPFO has extended the functionality for members to de-link incorrect Member IDs (MIDs) from their Universal Account Number (UAN). This allo...
Laid off or lost your job? Use 75% EPF amount while rest 25% compounds @8.25% - Check EPFO withdrawal rules in case of unemploymentWhile members are entitled to take out up to 100% of their eligible EPF balance, including both employee and employer contributions, there ...
When will EPF interest be credited to your provident fund account as EPFO keeps rate unchanged at 8.25%?EPFO has announced an 8.25% interest rate for the financial year 2025-26. This rate remains unchanged from the previous year. Employees' Pr...
EPF due payment via demand draft: EPFO allows one-time payment of past EPF dues via Demand DraftThe EPFO now permits employers to make one-time payments of past EPF dues via Demand Drafts, addressing situations where the standard Elect...
PF claim settlement rule change: Now EPF members will get more interest money on EPF withdrawal, faster settlementNew EPF claim settlement rule: The EPFO has announced changes in Para 60(2)(b) of the EPF Scheme, 1952. The changes announced in the Employ...
How to check if your employer has deposited your EPF contribution into the accountOnce the Employees' Provident Fund deduction has been deducted from an employee's salary, an employer must deposit the same in the EPF acco...
Higher EPS pension: How missing dues will be calculated, time limit and method to pay - clarifies EPFOThe latest EPFO circular issued on May 11, 2023, informs pensioners/employees about the method of calculating past dues that must be deposi...
EPFO update: What happens to EPF account's interest if employer fails to deposit contributionAccording to a ruling made by the Supreme Court in February 2022, an employer is required to cover damages if an employee's Employees' Prov...
SpiceJet may be defaulting on EPF: How to check if your employer is depositing itIn Budget 2021, the government amended the income tax law to ensure that employers deposited employees' EPF dues on time.
Employers to lose deduction for employee’s contribution to EPF if they don’t deposit on timeTo the extent that this ensures employers do not misuse or divert money meant for Employees’ Provident Fund (EPF), it will help increase su...