Government plans NPS overhaul: Pension schemes with rising payout & annuity purchase till 70 proposedPFRDA is set to introduce three pension scheme models addressing gaps in the current NPS framework, which emphasises corpus accumulation bu...
Byju’s remits remaining PF contribution for employees after delayAccording to EPFO rules, employers or companies are mandated to deposit the PF for a particular month by the 15th of the next month.
New wage rule may raise India Inc's costs from AprilTo be effective from next financial year, the new definition of wages (that includes salaries of executives in the private sector) caps all...
Are you richer or poorer: Here’s the bottomlineNo change in tax rates or slabs means that your income tax payout is, for most people, unaffected. However, if your salary is high or you u...
Do I need to include the withdrawn EPF proceeds in ITR after leaving the job?At the time of withdrawal, the PF authorities will deduct tax at 10% on entire PF proceeds (assuming you have furnished your PAN to the PF ...
EPFO may slash FY20’s interest rate; payout of 8.5% unlikely as PF contributions fallEPFO may cut 8.5% rate declared for FY20 because of declining return on investments and cash flow.
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...
SC ruling on PF may not impact those paid over Rs 15K per monthThe SC ruling on PF contribution by employers and employees is unlikely to impact those with basic salary and special allowances above Rs 1...
EPFO may give part payout in MF-like unitsEPFO invests up to 15% of its annual incremental corpus — pegged at Rs 1.4 lakh crore — in stocks through ETFs to take advantage of higher ...
EPFO aims to make Aadhaar as identifier to settle PF claimEPFO plans to make Aadhaar as primary identifier for settling Aadhaar-seeded PF accounts without employers' attestation.
Forcing workers to divert more of their salary to the provident fund is wrongAll that would happen is that the employee’s take-home salary would come down drastically, she would get to spend less, and get to save les...
- PF trusts jittery over tax treatment of gains above 8.5 pc
There is ambiguity over how the 1% differential between EPF rate and the tax-free ceiling should be treated while crediting interest to emp...
- Private sector can't afford higher PF payout
The government's nod for a 9.5% rate on 5.87 crore provident fund accounts may be a 'just-in-time' poll sop, ahead of five state elections.
- Focus on the larger picture
The government needs to set its sights on the bigger goal of reforming provident funds, not encourage confrontations between ministries.
- Exempted PF trusts may get to dip into reserves for payout
EPFO will soon free exempted trusts to utilise and tap their Provident Fund Trust reserves to meet the statutory payout rate.
- EPFO spots Rs 2k-cr hidden money, weighs 9.5% payout
Over 50 million employees of the organised sector are in for a surprise Dussehra bonanza from the government.
- There's a way to exit PFs' equity plans
Employees close to retirement may get the benefit of not being exposed to the vagaries of the stock market.