Pf Accounts

Inclusion of foreign workers in PF is 'unconstitutional': Karnataka HC

The decision comes 15 years after the extension of PF and pension coverage to foreign workers via a legislative amendment

Your EPF account will now show taxable and non-taxable balance

Those earning high salaries should think twice before getting it restructured

FinMin notifies rules for calculating taxable interest in PF account

The finance ministry has notified rules for calculation of taxable interest on employee contributions to provident fund of over Rs 2.5 lakh per annum. In her Budget for 2021-22, Sitharaman had capped the tax-free interest earned on provident fund contribution by employees and employers together to a maximum of Rs 2.5 lakh in a year in an attempt to dissuade high earners from parking their surplus in what is supposed to be the common man's retirement fund. The Central Board of Direct Taxes (CBDT) on Wednesday notified rules for calculating taxable interest in provident fund. It said for the sake of calculation, separate accounts within the provident fund account shall be maintained beginning 2021-22 for taxable and non-taxable contributions made by a person. Nangia & Co LLP Partner Shailesh Kumar said the notification issued by CBDT has finally put to end the ambiguity which arose with the introduction of taxation of interest on provident funds with contribution above the specified

You can merge 10 old EPF accounts at one go with this new service

Under this facility, subscribers of the Employees' Provident Fund Organisation can merge as many as 10 previous accounts with their UAN at one go

Soon, your PF account will be transferred automatically when you shift jobs

Facing challenge from premature account closures, EPFO is moving to improve its services

Notification soon on interest to inoperative PF accounts

Officials have identified that about Rs 42,000 crore is now lying in 'inoperative accounts' across the country