PF Investments in Share Market: Too Little, Too Late..!

by Mr. Dhirendra Kumar, Value Research The  Employees' Provident Fund Organisation  ( EPFO) will start investing a tiny incremental amount in equity ETFs this month. Yawn. Soon, within this month in fact, the EPFO could begin investing in equity assets. This should be a turn…

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Provident Fund Online Payment Mandatory Form June 26, 2015

Employees Provident fund (EPF) department has informed to all Employers and informed that it is mandatory for all establishments contributing above Rs.1 Lakh have to make compulsory payment of EPF through online mode only with immediate effect. Further establishments contrib…

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Provident Fund Withdrawal: When TDS, When No TDS ..!

The Finance Act 2015 has Inserted a new section 192A regarding the Tax Deducted at Source ( TDS ) on payment of accumulated provident fund (PF) balance due to an employee, The provision shall take effect from July 1, 2015 (01.06.2015)  Where the accumulated balance due & b…

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New Rules from June 1, 2015: TDS on Withdrawal of Provident Fund..!

The Finance Act 2015 has Inserted a new section 192A regarding the Tax Deducted at Source ( TDS ) on payment of accumulated provident fund (PF) balance due to an employee, The provision shall take effect from June 1, 2015 (01.06.2015) Income Tax shall be deducted at source TDS…

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Income Tax Benefit for Public Provident Fund contributions to Wife, Child…!Parizad Sirwalla, Partner (Tax), KPMG.jpg

by Ms. Parizad Sirwalla, Partner (Tax), KPMG Under section 80C, effective from 2014-15 (FY15), an individual can claim deduction from total income in respect of contributions to any Public Provident Fund (PPF) belonging to self, husband, wife, any child, subject to an overal…

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Sukanya Samriddhi VS PPF VS MF Child Plans

The launch of Sukanya Samriddhi Yojana (SSY) by the government for the girl child has sparked considerable interest given its tax benefit & interest rate higher than Public Provident Fund. The SSY offers 0.75% higher than the 10-year government bond as against 0.25% by t…

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Affordable Housing Scheme for EPFO Subscribers..!

The Labour Ministry is preparing a mega housing scheme to offer affordable houses to more than 5 crore subscribers of retirement fund body EPFO in the backdrop of the government's mission 'Housing for all by 2022'. The Ministry intends to collaborate with PSU bank…

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How to Withdraw,Transfer PF Amount Effortlessly..!

by Mr.P. Saravanan,IIM Shillong Most salaried people contribute a fraction of their monthly salary towards Employees' Provident Fund (EPF). However, while switching jobs, many of them tend to either forget about that contribution or / consider it too tedious to transfer …

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Employees Provident Fund : Pension for International Worker

Employees  Provident Fund ( EPF) -  Pension for International Worker..! There will be no contribution to pension fund for an International Worker assigned to India with effect from, first September 2014 if their salary is above Rs.15000 per month.  This means entire contribution…

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Employees Provident Fund : Eligibility for Pension..!

Under  EMPLOYEES' PROVIDENT FUND Scheme  Eligibility for pension..! Ten (10 years) of service under pension scheme and on attaining the age of 58 years - both condition have to be fulfilled. If the service is below 10 (ten) years of service and has not attained the age of …

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What means PFs New Ceiling Rs.15,000?

New EPF (Employee's' Provident Fund) ceiling limit finally confirmed through Gazette Extraordinary Notification made on 28th August 2014 which is effective from first September 2014. This amendment has many impacts apart from increase in contribution. Key Highlights.…

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Provident Fund Ceiling From 1952 to 2014

From October 15, companies will have to step up their contributions to the Employees’ Provident Fund Organisation (EPFO). A new directive, which took effect on September 1, 2014 raises the basic salary limit for PF enrolment to Rs.15,000 from Rs. 6,500, bringing many new emp…

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PF: Wage Ceiling Enhancement to Rs 15,000..!

by Mr. Gautham,  Hinote, Chennai PF – Wage Ceiling Enhancement to Rs 15,000 Effective 01 - September - 2014 The Provident Fund (PF) department, in its circular dated 28 - August -2014, has notified the wage ceiling enhancement to Rs.15,000 per month from Rs. 6,500 per month, …

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