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TRANSFER EPF ACT
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...- EPFO held on to Rs 10 lakh for 11 years: Patna HC orders it to refund the deposit with 6% interest for ‘unjust enrichment’The Patna High Court has ordered the EPFO to pay 6% annual interest on a Rs 10 lakh deposit, citing unjust enrichment. The court ruled that...
- Withdrawn your entire EPF balance after a job switch?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...
- 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...
- 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...
- EPFO to launch WhatsApp service for PF updates; government targets faster resolution of pending legal disputesThe Employees’ Provident Fund Organisation (EPFO) is set to launch a WhatsApp service for PF updates, allowing members to interact with the...
- 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...
- EPFO member alert! Have old, inoperative EPF account? E-PRAAPTI portal will soon help you track it easilyThe Employees Provident Fund Organisation is introducing E-PRAAPTI, a new digital portal. This platform will assist members in finding, tra...
- Higher EPS Pension: EPFO can’t use the excuse of employer’s deficient system of recordkeeping as a ground to deny higher pension to employees, rules Bombay HCBombay High Court ruled in favour of six employees seeking higher pensions. The court stated the Employee Provident Fund Organisation (EPFO...
- Changed jobs but yet to transfer your EPF? Here's why skipping could cost you lakhs in retirementFailing to transfer your EPF when you change jobs can cost you tax benefits, pension eligibility, and lakhs through lost compound interest....
- EPF taxation rules explained: Do you need to pay income tax if you withdraw your Employees' Provident Fund before 5 years of service?EPF withdrawals are generally tax-free after five years of service. However, withdrawals before this period may attract tax. Certain condit...
- Seed your bank account with UAN to get easy PF withdrawal, seamless transfer: EPFOLinking your bank account to your UAN ensures that your monthly EPF contributions are seamlessly transferred directly into your account, pr...
- 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...
- Don't forget to take this EPS pension certificate after leaving your current jobWhen an employee switches or leaves his/her current job, then one should transfer their exisitng EPF account with the new employer (provide...
- What is EPF scheme and how to calculate PF balance?The Employees' Provident Fund (EPF) is a scheme in which retirement benefits are accumulated. Under the scheme, an employee has to pay a ce...
- 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.
- How to move funds from EPF to NPSTo make the transfer, a request must be made to the recognized employee provident fund or superannuation fund to his NPS account.
- PF litigations expected to come down after SC ruling: RPFCThe apex court in its judgement has ruled that special allowance is part of the basic wages for computing the employees provident fund (EPF...
- No tax relief on EPF interest if not employed: ITATI-T laws provide that interest credited to EPF account after an individual ceases to be in employment is taxable in his hands in the year o...
- Unclaimed Provident Fund cash to fund government scheme? Trade unions slam planThe EPFO is awaiting a go ahead from the labour ministry to notify the payment of interest on accounts which have been inoperative for the ...
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