Page 3 - Epf Contribution News Today

The new labour laws have been passed through the parliament but are delayed as Indian states are yet to notify these regulations.

As per the new labour code, companies can increase the working hours but would have to give an additional weekly off.

India’s 100 unicorns provide formal sector employment to about 272,000. While this number has grown briskly in the last two years, it’s a small fraction of overall corporate employment and also what these unicorns employ via the informal sector.

EPFO has created a new tax structure for PF contributions over a threshold of Rs 2.5 lakh for private-sector employees and Rs 5 lakh for government employees. The EPFO norms say that if TDS is less than Rs 5,000, there will be no deductions for Indian residents.

KUALA LUMPUR, Dec 13 — Around 580,000 households, which were previously in the M40 income group, slipped into the B40 bracket because of the Covid-19 pandemic, said Prime Minister Datuk Seri Ismail Sabri Yaakob in September. Malaysians are categorised into three income groups: the Bottom 40 per...

Tax experts are of the view that the notification has ended the ambiguities in the matter and provide the convenience of calculation of interest.

This, it said, may lead to misappropriation of funds deducted from the employees and may deprive EPFO beneficiaries of the legitimate dues.

The Employee Provident Fund Organization (EPFO) has allowed its subscribers to avail a second advance withdrawal in the wake of COVID-19

7th Pay Commission: BIG news for govt employees! PF contribution may change from July, know how - The government has made an announcement regarding the Dearness Allowance (DA) for the central government employees.

While employees were to pay tax by March 31, they did not have the interest rate on EPF for the year available with them. (Representative image) NEW DELHI: Before deciding to tax interest earned by private sector employees contributing over Rs 2.5 lakh towards provident fund from April 2021, the government had decided to bring employers’ contribution of over Rs 7.5 lakh towards retirement savings into the tax net last year. In the previous year’s Budget, finance minister Nirmala Sitharaman...