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PF CONTRIBUTION LAPSES
Telangana audit flags over ₹1,100 crore PF irregularities in outsourcing systemA comprehensive audit conducted by the Telangana government has uncovered more than ₹1,100 crore in suspected irregularities related to pro...- EPFO paid lesser EPS money than what was shown in passbook; Consumer commission orders it to pay Rs 1000 compensation and 9% interestEPFO underpaid school employee's EPS; he files case and wins in consumer commission as commission ruled that the correct factor for his per...
- 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...
- Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
- Teacher arrested on ground of moral turpitude and compulsorily retired, will get pension and gratuity benefits for this reason, rules Jharkhand High CourtThe Jharkhand High Court has ruled that an employee facing criminal cases without conviction is entitled to pension and gratuity. A teacher...
- Late, missing PF contributions by employer today could prevent your PF withdrawal, transfer later: Here’s how to track your EPF properlyYour Employee Provident Fund withdrawals can face rejection due to discrepancies in contributions and employment records cause issues. Miss...
- Moving abroad to study, work or emigrate? 7 financial tasks to have on your to-do listHere are some money matters to take care of if you decide to move abroad to study, work or emigrate.
- Transfer of EPF accounts: 17 questions answered by EPFOHere are the 17 questions and their answers for those EPF members looking to transfer their EPF accounts from their previous employers to n...
- Check these 7 tax savers before you invest againIt's always better to plan your tax saving investments in advance than make the wrong moves at the fag end of the financial year. Remember ...
- Narendra Modi government may allow EPFO to invest in markets, Rs 6,000 crore to flow into stocks annuallyProposed change in norms may funnel Rs 6,000 crore annually into stocks, making PF body second-biggest domestic investor.
- How to make the most of the extra Rs 50K tax deduction under Section 80CThe deduction under Section 80C has been increased. Instead of random investments, use the additional limit to fill the gaps in your financ...
- Budget 2014: Private sector contributions to NPS may be taxed for past 5 yearsFor pvt subscribers, date of joining service & joining NPS might have been different, as the scheme was not open to non-govt employees befo...
- EPFO orders probe if Sahara paying the statutory retirement savings of its employeesPF offices have also been asked to take immediate action wherever there is no compliance, by invoking the penal provisions of the Employees...
- Eight things to do during your notice periodWhether you have decided to leave or have been asked to, here’s a list of things to do and avoid when you are serving the notice period.
- Scamsters drain out PF accounts with fake claims, EPFO swings into damage-control modeNearly 2.5 crore, or 30 per cent, of all provident fund accounts have a negative balance, some of which may be due to fraudsters who faked ...
- Clubbing allowances with basic pay for PF deduction on cardsDecks have been cleared for clubbing of allowances with basic pay for PF deductions under the EPFO scheme, a move that will increase saving...
- Are you evading Tax? Check how you can stop doing itThey may not be aware, but even honest individuals can end up evading tax. Find out if you also fall foul of tax laws and how to stop doing...
- CAG reports serious lapses in PF AccountsLabour Minister Mallikarjun Kharge had raised the interest rate on PF deposits for 2010-11 to 9.5% from 8.5% based on this surplus.
- New tax code skewed in favor of higher income groupsAs the threshold is not raised from Rs 1,60,000, the benefit resulting from widening of the slabs is skewed in favor of higher income group...
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