EPF 3.0: Withdraw PF by swiping from ATMsSwift and hassle-free withdrawal of provident fund money could be revolutionary. Paradoxically, the current time-consuming and tedious proc...
EPF changes in 2025: New form to transfer EPF account, instant UAN activation, other announcements made by EPFO that you need to knowEPFO has recently announced several important updates aimed at making Provident Fund (PF) operations more efficient, transparent, and user-...
Higher EPS pension: Will pensioners' arrears get adjusted against higher contribution dues from them? EPFO answersThe Employees' Provident Fund Organisation (EPFO) has issued revised FAQs on higher EPS pension on December 13, 2023. The newly added FAQ a...
EPF withdrawals will be less taxing now. All about the big budget announcementWithdrawals from an EPF account before the completion of five years are currently taxable. TDS is not applicable if the withdrawal amount i...
TDS rate on EPF withdrawals reduced to 20% from 30% in Budget 2023 in these casesReduction in the TDS rate on EPF withdrawal will help individuals whose PAN is not updated with the records in the EPFO. Previously, the TD...
ITR filing difficult for taxpayers whose EPF interest is taxable: EYBudget 2021 announced that if an employee's own contribution in the EPF account exceeds Rs 2.5 lakh in the financial year, the interest ear...
EPFO guidelines: How TDS on interest will be deducted if EPF contributions exceeds Rs 2.5 lakhEPFO has issued guidelines regarding when and how TDS on interest will be deducted if EPF contributions exceed Rs 2.5 lakh in a financial y...
Instead of taxable EPF, why not invest in equity MFs? IRR would be 7.48%, higher than 5.6% from EPFTaxation of the EPF amount means that the true post-tax internal rate of return will be just 5.62%. So, it’s a deposit with a long lock-in ...
How to link PAN with EPF account to avoid excess TDSTo avoid having too much tax withheld at source, employees should link their Permanent Account Number (PAN) to their EPF (TDS). Section 206...
New income tax rules and other money related changes effective from April 1, 2022The beginning of the new financial year marks the changes in the income tax rules and others money changes. It is important to know new inc...
TDS on EPF: When TDS is applicable on EPF withdrawal, how to avoid itIf an EPF balance is withdrawn before 5 years of service, TDS is deducted at a rate of 10%. TDS will be deducted at the highest slab rate o...
5 Money and tax tasks you should complete by July 31, 2020In the wake of novel coronavirus pandemic, the government has provided various relaxations in meeting the financial deadlines to the common...
When does your EPF become taxable?How much you withdraw and when you withdraw from the Employee’s Provident Fund determines how much TDS will be levied on the same. Here are...
How to claim EPF online by linking UAN with AadhaarThe new Aadhaar linked 'composite claim form' can be used for availing benefits as under EPF Form 19, Form 10C and PF part withdrawals Form...
Will I continue to earn interest on EPF after leaving my job and will it be tax free?Assuming your age is less than 58 years, your account will continue to earn interest. However, the interest earned in this account will be ...
Withdrawing EPF? You don't need your employer's signature anymoreThis facility will be available to all those subscribers whose UAN is activated and seeded with the KYC details like bank account and Aadha...
Where TDS is applicable and how to avoid itCleartax.in lists the incomes and transactions on which TDS is applicable and how one can avoid it.