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TAXABLE EPF INTEREST
ET Alpha Wealth Summit: Rajeev Thakkar of PPFAS MF explains when to hold, when to exit, and why most investors get it wrongPPFAS CIO Rajiv Thakkar said successful investing depends more on patience than frequent trading. He advised avoiding unnecessary selling, ...
Want to exchange old gold for new jewellery? Beware of these taxesIndians exchanging old gold for new should be aware of potential taxes on sales and purchases. The Income Tax Department monitors high-valu...
New income tax regime: Don’t miss out on these 3 key deductions that will reduce your taxable income & help save more taxMany taxpayers mistakenly believe the New Tax Regime offers no deductions. However, salaried employees and pensioners can claim a Rs 75,000...
EPFO updates: Key changes and enhancements for EPF members
Changes in EPF website: EPFO updates Form 13 to ease PF account transfer process, to show taxable PFEmployees Provident Fund Organisation has made some changes. A new version of Form 13 simplifies PF transfers. The EPF website now clearly ...
You could lose section 80C tax benefit on EPF contribution; here's whySection 80C tax benefit on EPF: Many salaried individuals claim Section 80C tax benefit on their own Employees Provident Fund (EPF) contrib...
Will your EPF account earn tax-free interest even after you leave job?Many salaried workers make monthly contributions to the Employees' Provident Fund (EPF) account knowing that the account will mature at the...
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...
Your employer's EPF, NPS contribution can be taxable in your hands: Here's how to check if it isAs per the announcement made in Budget 2020, if an employer's total contribution to the EPF, NPS and superannuation fund exceeds Rs 7.5 lak...
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...
Has your EPF interest become taxable after latest salary increments? Here's how to checkThe mandatory EPF contribution made to an individual account is calculated on the basic salary amount. Post the appraisal season, as your s...
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 ...
Tax on EPF, NPS, Superannuation fund: Here's all you need to know about itEmployer contributions to retirement funds such as Employees Provident Fund (EPF), National Pension System (NPS), or any other superannuati...
Tax on EPF, NPS, Superannuation fund: Tracking excess contribution tedious, no clarity over double taxationAmendments made to the way contributions to the EPF, NPS and Superannuation fund have increased the tax burden on certain sections of the s...
How EPF discriminates against those who need it the mostFor a vast number of the salaried, the employee provident fund (EPF) is the only social security net they have. But the EPF rules are such ...
How EPF discriminates against those who need it the mostThe government is in the process of implementing the new Labour Codes, likely to be effective from April 1, 2021. One of the important aspe...
Voluntary provident fund: Investing, contribution, interest rate and other things to knowIf you are planning to invest in the Voluntary Provident Fund (VPF), here are the answers of the some the commonly asked questions about it.
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 ...
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 ...