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EPF contribution of over Rs 2.5 lakh now requires 2 PF accounts

Published: September 6, 2021

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

Source: ibtimes.co.in

BMS urges govt to allow employers to submit EPF contribution on the basis of Aadhar only

Published: June 12, 2021

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

Source: indiatimes.com

EPFO members allowed second advance withdrawal citing COVID-19

Published: June 1, 2021

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

Source: newsbytesapp.com

7th Pay Commission: BIG news for govt employees! PF contribution may change from July, know how

Published: April 11, 2021

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.

Source: dnaindia.com

Employers' provident fund contribution tax norm creates confusion

Published: April 5, 2021

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 had decided to tax employers’ contributions to provident fund, National Pension System (NPS) and ...