The Government of India has launched several savings schemes which include GPF, EPF & PPF. Savings play an important part in an individual’s financial stability. So, it is necessary that you learn about the interest rates and the benefits of these savings schemes. So, in this article, we will learn the fundamental difference between GPF, … Read more
EPFO connects the Aadhaar card with PF UAN to receive PF involvement from managers and another advantage. This article demonstrates all the information regarding the New PF rule that may deactivate EPF in detail. New PF Rule 2021 The EPF (Employees Provident Fund) subscribers have to connect their Aadhaar card with PF (Provident Fund) accounts … Read more
Employees enrolled in the EPFO (Employees’ Provident Fund Organization) would be delighted to know that the EPFO has acknowledged that the EPF holders likely to get 8.5% interest on PF balance. EPF Holders Likely To Get 8.5% Interest On PF Balance By the end of July 2021, the Provident Fund Regulatory Authority is expected to … Read more
Employee Provident Fund (EPF) is a retirement-oriented program for salaried employees backed by the government but now the EPF Withdrawal becomes taxable. Income tax has the effect of influencing contribution amounts, interest, and the ability to take out one’s balance. Concerning the additional tax on early-withdrawal EPF, employees consider it much more important when they … Read more
EPF stands for Employees provident funds, which is one of the social security schemes for employees. EPF helps employees save a small portion of their salary every month, and later on, it can fulfill their financial needs. Moreover, it serves as a retirement fund for employees that comes under the Miscellaneous Provisions Act 1952. In this … Read more
Important updates for Employees provident fund subscribers again, relating to reliefs amid pandemic. Taxpayers and people having EPF Registration must note these new updates. These latest EPFO updates include a second Covid-19 advance to non-refundable advance from the EPF account. These updates are very crucial for anyone as these can help people fight covid-19 and … Read more
Aadhar linking mandatory for PF Withdrawal is an important update. As we all know, many people have lost their jobs due to the coronavirus pandemic, while others have seen their income drop. Besides, due to medication and health issues, expenditures have risen. Therefore, Many Provident Fund (PF) contributors in India are withdrawing their contributions to … Read more
Govt announced benefits for families of Covid-hit EPFO, ESIC members and it includes pensions for dependents of insured persons with Employees’ State Insurance Corporation (ESIC). The government has also announced a hike in the maximum sum provided under the group insurance scheme. Employees’ Deposit Linked Insurance Scheme (EDLI) that is run by EPFO from 6 … Read more
The labor department has declared that EPFO to allow second Covid 19 advance withdrawal from their EPF accounts to meet the Covid 19 regarding financial emergencies. In the earlier days, only a one-time advance was accessible for members of EPF. The provision to extract cash from EPF accounts was first introduced the previous year in … Read more
India Inc gets relief through ESIC, EPFO is another excellent news for everyone in the formal sector in India. This relief is available as India is still fighting with Coronavirus in its second wave. Almost every part of the nation is under lockdown. Therefore, the pandemic shut businesses down and caused many problems to India … Read more