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EPF CORONAVIRUS WITHDRAWAL
EPF account withdrawal rule changed: EPFO discontinues Covid-19 advance facilityDuring the Covid-19 pandemic, a non-refundable advance was provided to the EPF members during the outbreak of first wave of Covid-19 and an...
5 reasons for rejection of EPF withdrawal claim and how to avoid itWithdrawals from EPF requested due to coronavirus-related financial emergency or for any other reason, can get rejected for various reasons...
When does EPF withdrawal become taxable?Though the biggest USP of the Employees' Provident Fund is its EEE tax status, however, there are certain instances when EPF can become tax...
What is EPF scheme and how to calculate PF balance?The Employees' Provident Fund (EPF) is a scheme in which retirement benefits are accumulated. Under the scheme, an employee has to pay a ce...
How to withdraw money twice from EPF account for coronavirus emergenciesThe provision to withdraw money from EPF accounts was first announced last year in March 2020 under the Pradhan Mantri Garib Kalyan Yojana ...
How to withdraw from EPF if you need money due to coronavirusThe government has amended the EPF withdrawal rules allowing two non-refundable withdrawals to an individual facing financial problems due ...
EPF withdrawal: How to check, change bank account details in your EPF accountIt is important that your correct bank account with correct IFSC is linked to your Universal Account Number (UAN) to receive the credit of ...
Facing money crunch due to covid? You can withdraw from your EPF accountAccording to the amended rules, a member can withdraw an amount equal to three months of basic salary and dearness allowance (DA) or 75 per...
EPF withdrawal: How to file Covid-19 claim using Umang appYou can get a non-refundable withdrawal up to three months' worth of basic pay and dearness allowances, or up to 75 percent of the balance ...
EPF withdrawal: Step-by-step guide to withdraw money onlineEPF scheme member can withdraw the money from the EPF scheme for various reasons like marriage, buying a house etc. However, to make these ...
EPF withdrawal due to coronavirus: 20 questions answered by EPFOEPFO has issued the set of FAQs to help the employees who want to withdraw money from their EPF account to meet the financial emergency ind...
EPF members can take up to Rs 1 lakh medical advance for emergency hospitalisation including covidThe Employees' Provident Fund Organisation (EPFO), via a circular dated June 1, 2021, has streamlined the process of granting medical advan...
EPFO allows withdrawing money from EPF account twice to meet coronavirus emergencyThe provision to withdraw money from EPF accounts was first announced last year in March 2020 under Pradhan Mantri Garib Kalyan Yojana (PMG...
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...
EPFO is settling coronavirus-related withdrawal claims in three days: Here's howArtificial Intelligence is playing a major role in bringing down the withdrawal time from the usual requirement of 10 days.
Employees provident fund members withdraw Rs 39.4k crore during March 25-August 31The maximum amount of EPF withdrawals from March 25 to August 31 were recorded in Maharasthra Rs 7,837.85 crore, followed by Karanataka - R...
AITUC seeks labour minister's intervention against alleged malafide campaign to reduce EPF interest rateThe AITUC shot off a letter to Gangwar on July 29, after a report suggested that there were withdrawals to the tune of Rs 30,000 crore in A...
Government to pay EPF contributions of employees and employers till Aug 2020The decision to extend EPF contribution will give further relief to small businesses who are facing a cash crunch. The move will benefit mo...
No tax implications of coronavirus relief withdrawals from EPF: EPFOThe withdrawal can also be done online. For this, one must have an activated Universal Account Number (UAN), the Aadhaar should be verified...
How to apply online for advance from your EPF corpusAn advance under the amended paragraph can be sought through the same process by which all other advances are granted. No separate procedur...