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EXEMPTED PF TRUSTS
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...
EPS-95 Higher Pension: Employees contributing to EPF on actual wages cannot be denied higher EPS 95 pension if they were EPS members on September 1, 2014, rules HCThe Karnataka High Court has ruled in favour of exempt trust employees. Those who retired after September 1, 2014, and contributed Providen...
India services activity hits 5-month high in April on strong domestic demand: HSBC PMIIndia's services sector saw strong growth in April, reaching a five-month peak. Domestic demand and new orders fueled this expansion. Manuf...
EPFO overhauls PF trust rules: Risk-based audits, 2% interest cap on exempted establishmentsNew rules are set for companies managing their own provident fund trusts. Mandatory annual audits are replaced by a risk-based system. Inte...
Here’s how to fix errors in EPS records now to avoid PF claim rejection, pension lossIf you spot discrepancies in your EPS contributions, take immediate corrective measures or face rejection in EPF withdrawal or transfer cla...
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...
Exempted PF trusts disburse over Rs 481 crore under PM Garib Kalyan YojanaUnder the scheme, notified on March 28, members can avail non- refundable withdrawal to the extent of the basic wages and dearness allowanc...
EPFO to be sole regulator for all categories of PFs: Parliamentary panel to Labour MinistryThe Committee is convinced that a strong regulatory system should be in place for all PF trusts.
EPFO to launch online transfer for organised sector workers covered under private PF trusts this monthThere are 3,621 PPFT) which are managing the accounts as well as retirement fund of their workers. These trusts are regulated by the EPFO.
Budget 2014: PF trusts without regular exemption may come under tax netPrivate PF trusts are formed by firms that manage the money and accounts of their workers and have exemption from filing PF returns.
Online Provident Fund transfer for workers under private trusts from JulyThere are over 3,000 private Provident Fund (PF) trusts which are managing the accounts as well as retirement fund of their workers.
EPFO panel grants regular tax exemption to 68 private PF trustsAn empowered committee of the retirement fund body EPFO today approved granting regular tax exemption to 68 private provident fund trusts.
EPFO panel meet on Friday to grant tax exemption to PF trustsIn a bid to protect tax benefits for subscribers of about 180 private provident fund trusts, retirement fund body EPFO has called a meeting...
EPFO panel meet in March to grant tax exemption to PF trustsChidambaram made it mandatory in 2006 for these trusts to procure an exemption certificate by March 31, 2007, a deadline that has been exte...
US embassy could lose tax breaks on provident fundThe United States’ embassy in India could lose income-tax breaks on retirement savings of its Indian staffers from April 1, 2014.
- Finance Ministry extends tax exemption for private PF trusts till March 2013
Giving relief to about 46 lakh subscribers of over 2,700 private PF Trusts, the Finance Ministry has extended the income tax exemption for ...
- FinMin may extend IT exemption to private PF trusts till Mar 2013
The Finance Ministry is likely to extend the income tax exemption on retirement benefits to private PF trusts for the current fiscal.
- Mallikarjun Kharge writes to FM on I-T exemption to private PF subscribers
Kharge has written to Pranab Mukherjee to consider extending the time-limit for private PF trusts to seek exemption from income tax on reti...
- Extension of tax waiver to private PF trusts likely
Government today indicated that the IT exemption to about 2,400 private provident fund trusts would be incorporated in the 2012-13 Budget.
Budget 2012: Confusion for company-run provident fund trustsTo ensure that their employees are not at mercy of the state-run PF dept, many employers manage funds in-house by setting up PF trusts unde...