Provident Fund
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EPFO adds 14.81 lakh net subscribers in August
Business | Oct 20, 2021, 08:54 PM ISTOf the total 14.81 lakh net subscribers, around 9.19 lakh new members have come under the social security ambit of EPFO for the first time.
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EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts
Business | Sep 05, 2021, 04:42 PM ISTPeople with Employees' Provident Fund and Voluntary Provident Fund (VPF) contribution of over Rs 2.5 lakh per financial year will now have two separate PF accounts.
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New Provident Fund Tax rules come into effect: Here's what will change now
Business | Sep 02, 2021, 04:28 PM ISTPF Income Tax Section, PF Interest Taxable: PF accounts will be split into two separate accounts. Tax will be collected from employees' contributions exceeding Rs 2.5 lakh per year in the taxable account.
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How to withdraw Provident Fund as per EPFO rules?
News | Jul 14, 2021, 10:56 PM ISTFacing financial crunch due to pandemic and lockdown, here how you can withdraw Provident Fund as per Employees' Provident Fund Organisation rules.
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EPFO Alert! Subscribers won't receive PF money if they fail to follow THIS rule
Business | Jul 09, 2021, 02:40 PM ISTThe Employees’ Provident Fund Organization (EPFO) has made it mandatory for its subscribers to link Aadhaar Card with PF UAN (universal account number) to continue receiving funds in their PF accounts from the employers and other benefits.
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PPF, NSC, Kisan Vikas Patra, other small savings interest rates unchanged for Q2
Personal Finance | Jul 01, 2021, 09:33 AM ISTPPF and NSC will continue to carry an annual interest rate of 7.1 per cent and 6.8 per cent, respectively, in the second quarter as well.
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EPFO defers filing of PF return with Aadhaar seeded UANs till September 1
Business | Jun 16, 2021, 11:08 AM ISTThe EPFO had directed that PF returns shall be allowed to be filed only for those members whose Aadhaar numbers are seeded and verified with the UAN, with effect from June 1, 2021.
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Labour codes on cards: Companies PF liability to go up, workers to see reduction in take-home pay
Business | Jun 06, 2021, 12:25 PM ISTThe labour ministry had envisaged implementing the four codes on industrial relations, wages, social security and occupational health safety & working conditions from April 1, 2021.
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Govt raises PF threshold limit to Rs 5 lakh for earning tax-free interest
Business | Mar 23, 2021, 09:26 PM ISTThe government on Tuesday raised the deposit threshold limit to Rs 5 lakh per annum in provident fund for which interest would continue to be tax exempt. This would be applicable to those cases where no contribution is made by employers to the retirement fund.
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Provident Fund ALERT! EPFO fixes 8.5% interest for 2020-21
Business | Mar 04, 2021, 02:59 PM ISTThe Employees' Provident Fund Organisation's (EPFO) apex decision-making body Central Board of Trustees decided to fix 8.5 per cent rate of interest for 2020-21 at its meeting in Srinagar on Thursday, sources said.
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Interest earned on PF contributions above Rs 2.5 lakh now taxable
Business | Feb 01, 2021, 04:23 PM ISTThe interest earned by the Provident Fund contributions above Rs 2.5 lakh a year will now be taxable. The provision, introduced in Budget 2021 will apply only to the employee's contribution and not that of the employer.
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Recognised PFs can invest in 'A' or higher rated securities: CBDT
Business | Oct 25, 2020, 11:52 AM ISTThe CBDT has now amended I-T rules, thereby diluting norms for investment purposes to bonds with minimum 'A' rating, as against the earlier requirement of 'AA' rating
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EPFO records 3.18 lakh new enrolments in May
Business | Jul 20, 2020, 10:47 PM ISTNet new enrolments with retirement fund body EPFO rose to 3.18 lakh in May from 1 lakh during April 2020, according to its latest payroll data, providing a perspective on employment in the formal sector amid the COVID-19 crisis.
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Employees' PF contribution can go higher than 10%, not of employers: Labour ministry
Business | May 19, 2020, 11:28 PM ISTThe labour ministry on Tuesday said employees can contribute more than the newly set limit of 10 per cent of basic wages to their provident fund (PF) for the next three months, but employers don't need to match the higher contribution.
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New EPFO Rules: EPF contribution cut to 10% for May, June, July. Key points to know
Personal Finance | May 19, 2020, 01:19 PM ISTThe Ministry of Labour & Employment has implemented new rules that allow for reduced employees' provident fund (EPF) contributions for three months till July. Here are key points to know about new EPF rules:
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12 lakh EPFO members withdraw Rs 3,360 cr retirement savings during lockdown: FM Sitharaman
Business | May 17, 2020, 02:59 PM ISTFinance Minister Nirmala Sitharaman on Sunday said around 12 lakh members of the Employees' Provident Fund Organisation (EPFO) withdrew Rs 3,360 crore retirement savings during the coronavirus-induced lockdown.
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12 lakh EPFO members withdraw Rs 3,360 cr retirement savings during lockdown: FM Sitharaman
Business | May 17, 2020, 02:41 PM ISTFinance Minister Nirmala Sitharaman on Sunday said around 12 lakh members of the Employees' Provident Fund Organisation (EPFO) withdrew Rs 3,360 crore retirement savings during the coronavirus-induced lockdown.
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Pvt PF Trusts disburse Rs 481 cr to 40,826 employees as non-refundable advance
Business | Apr 20, 2020, 08:45 PM ISTPrivate provident fund trust have disbursed Rs 481.63 crore to 40,826 employees as non-refundable advance to cope up with difficulties during the lockdown to contain COVID-19. These trusts include NLC, TCS, Vizag Steel Plant, state-run power giant NTPC, HCL and Power Grid.
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PF Money: Step-by-step guide to withdraw EPF balance citing coronavirus
Business | Mar 30, 2020, 02:51 PM ISTEPFO has made a change in its EPF rule to allow subscribers non-refundable withdrawal of PF money. EPFO subscribers will be allowed to withdraw 75 per cent of PF balance or three months' wages, whichever is lower. EPF account holders can claim for 'advance' withdrawal via EPFO's unified portal -- unifiedportal-mem.epfindia.gov.in. Here's a step-by-step guide to withdraw EPF money citing COVID-19 outbreak.
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PF Money Alert! EPFO allows non-refundable advance withdrawal during coronavirus pandemic
Business | Mar 29, 2020, 02:32 PM ISTThe Union Labour and Employment Ministry has notified amendment to the Employees' Provident Funds (EPF) Scheme to allow withdrawal of non-refundable advance by the members in the event of COVID-19 pandemic.