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PF TAX RULES
Withdrawn your entire EPF balance after a job switch? You may still need to transfer service history to protect your pension under EPS 95Many salaried employees forget to transfer their Employees' Pension Scheme EPS service history when switching jobs. This is crucial even if...
Wife’s MBA degree or past employment with MNCs can’t stop her from demanding maintenance, rules HCAn Allahabad High Court ruling states a wife's education or earning potential does not disqualify her from maintenance. The court considere...
Rules for faster full and final settlement, annual leave encashment & other provisions are already effective under new labour code even without state government notification, know what it meansNew labour code provisions are now effective across India from November 21, 2025. Employee benefits like faster full and final payments and...
Zero income tax on Rs 15 lakh CTC? Here’s how these allowances and perks can cut your tax under new tax regimeSalaried individuals can significantly reduce their tax liability under the new tax regime by strategically utilizing allowances and perqui...
NPS Swasthya: A cushion, not fill-in, for health coverCan the NPS Swasthya scheme be an effective substitute for a comprehensive health insurance plan that covers hospitalisation and related ex...
India Inc salary restructuring: How new labour codes and income tax rules will impact take-home pay and retirement savingsSalaried employees face uncertainty as new labor codes and tax rules loom. Companies are preparing for changes, but widespread implementati...
FM proposes simpler norms for employer contributions in PF trustsFinance Minister Nirmala Sitharaman has proposed simplifying provident fund (PF) trust rules by removing parity- and percentage-based limit...
EPF rules: New Labour Code vs old PF law creates payroll & tax confusion for employersA visible exception in the latest reform story is that the Employees’ Provident Funds and Miscellaneous Provisions Act (EPF Act), 1952—Indi...
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...
Budget 2023 income tax: Why FM should plug this Provident Fund double taxation possibilityUnion Budget 2023: The government should provide a specific exemption to clarify that PF and its accretions which have been taxed earlier, ...
PF tax rule: EPFO members await clarityEPFO and organisations that manage contributions of employees in-house are looking for information on issues such as the withholding tax li...
Finance Ministry notifies rules for calculating taxable interest in PF accountIn her Budget for 2021-22, Sitharaman had capped the tax-free interest earned on provident fund contribution by employees and employers tog...
I quit my job to start a business. Can I keep the PF with the employer till retirement?No TDS will be deducted but you will have to declare the interest every year as income from other sources in your tax returns and pay tax a...
Stopped working before completing 5 years? Your EPF could be taxableThe taxation is triggered in the year of withdrawal; however, the tax is computed as per the mechanism laid down in Rule 9 of the Fourth Sc...
What happens to PF balance after you quit your jobA PF account becomes inoperative if the employee does not make an application for withdrawal within 36 months of retiring after attaining t...
Withdrawing EPF before completion of five years? Here's how you will be taxedAccording to EPF rules, one can withdraw up to 75% of corpus after 1 month of quitting job. The remaining 25% if he/she remains unemployed ...
New ITR forms ask for year-wise PF contribution details in case of taxable withdrawalThe Income Tax Department has made changes in the ITR forms 2 and 3 applicable for FY 2017-18 to ascertain whether the PF withdrawal made b...
Budget 2016 impact: Younger subscribers worst hit by EPF taxOlder subscribers to employees’ provident fund who have periodically dipped into their corpus will also see a big chunk of their savings go...
- PF contribution: Your take home salary may reduce now
Allowances paid by employer such as Conveyance, Night Shift Incentives qualified as Basic wages may need to be included while calculating c...
- Celebrations cut short, extra 1% EPF interest to be taxed
The labour ministry has hiked the EPF rate to 9.5%, but a finance ministry notification says that anything in excess of 8.5% will be taxed.