PF

EPFO to allow second Covid 19 Advance Withdrawal

EPFO allows second advance withdrawal due to COVID 19 Emergency

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

EPF Withdrawal: You Can Take PF Loan For Covid Treatment

EPF Withdrawal You Can Take PF Loan For Covid Treatment

The second wave of the corona is more impactful than the first one and it created havoc among the people. Even the public is getting panicked because of the inflation in the medical sector, there is a shortage of oxygen cylinders and some states are running lack of remdesivir medicine. Also, the government has given … Read more

You need to know about EPF before Switching Job!

You need to know about EPF before Switching Job.

Switching jobs is a good thing to do, but it can be scary too. There are a lot of things to consider before making the big jump. For example, you need to know about EPF and transfer EPF (Employer funded Pension) PF to a new employer account. In this article, we will read about EPF, … Read more

Finance Ministry defends EPF’s tax-free thresholds

Finance Ministry defends EPF’s tax-free threshold

The Finance Ministry defends EPF’s tax-free thresholds enabling government employees to have a tax-free threshold. This limit or threshold is 5 lakh for Provident Fund contributions. However, for private-sector jobs, employees having investments above 2.5 lakhs in PPF will be under taxation. This taxation system will begin this year. Therefore, In this article, we will … Read more

New PF Limit Raised To Rs 5 Lakhs

New PF Limit Raised To Rs 5 Lakhs

There is a piece of good news for all of us. This news is about the new PF limit increased to Rs. 5 Lakhs. The government has increased the annual cap for tax exemption on interest received on employee provident fund contributions to Rs 5 lakh. Therefore, in this article, we will discuss the EPF … Read more

Employees Provident Fund: All you Need to Know about EPF

Employees Provident Fund

In India, If you already have an EPF account. You might have also heard about PF or EPF, which means the Employee Provident Fund. It is a government scheme to provide benefits of saving for each employee. This scheme also allows tax exemptions on the returns of up to Rs. 1.5 lakh. Besides, the interest rate … Read more