Page 3 - Provident Fund

Employees may have to wait longer for new wage code rules to kick in

The changes under the new wage code can only be implemented across the country once the centre receives draft guidelines from all the states and UTs

Returns on small savings remain attractive despite no rate reviews

Investors who want to avoid their long lock-in can choose from a host of other high credit quality options

EPFO adds 1.7 mn net subscribers in April, an increase of 35% YoY

Out of the total 17.08 lakh subscribers added during the month of April, around 9.23 lakh new members have come under the social security cover of EPF and MP Act, 1952, for the first time.

How to file EPFO e-nomination online via UAN; check steps and features

There is no deadline for filing e-nomination and it isn't mandatory for filing advance claims; but it speeds up online claim settlement by nominees

EPFO e-Passbook: How to download, check balance and other details

The current EPF interest rate is 8.1%

How changes in EPF rules may affect you?

Parking money into the govt's retirement fund has become less attractive. After effecting interest rate cut, the EPFO is now levying TDS on interest earned on contributions above Rs 2.5 lakh

TDS will not apply to EPF balance till FY21: Here's what experts suggest

If EPF account is linked to PAN, 10% TDS rate will apply, else 20%

Today's realities dictated interest rate cut on employee PF, says FM in RS

8.1% rate better than interest rate on small saving deposits, says FM in Rajya Sabha

Explained: How is EPF interest calculated?

Provide funds to Delhi municipal corporations as well: Sisodia to Centre

The Arvind Kejriwal government on Thursday demanded that the Centre allocate funds to Delhi municipal corporations also as it does in the case of the civic bodies in states. Deputy Chief Minister Manish Sisodia raised the demand at a pre-budget consultation called by Union Finance Minister Nirmala Sitharaman, the Delhi government said in a statement. "The national capital is the face of the country, but today the municipal corporations in Delhi are facing acute shortage of funds and are not able to maintain the cleanliness and development in the capital. Therefore, funds should be provided to the municipal corporations of Delhi like (funds are provided to civic bodies) in other states," the statement quoted Sisodia as saying in the meeting. The Deputy chief minister noted that the 15th Finance Commission allocated grant-in-aid of Rs 4,36,361 crore for the local bodies for 2021-2026. "But the local bodies of NCT of Delhi were omitted from this on a technical ground that only states

Soon, you won't have to transfer EPF account on job change; here's how

This will ensure that employees no longer have to transfer the money in their provident funds when they change jobs

Record 1.54 million additions to EPFO in September, shows data

There was net addition to the EPF subscription at 6.48 million in the first half of the current fiscal year, which is higher than the 6.11 million in the entire FY19

Decoded: What is Provident Fund and when can you withdraw money from it?

The EPF (employee provident fund) has traditionally been the most common tool for salaried Indians to save for their retirement. But what is a provident fund? Get answers to all queries related to PF

Air India seeks transaction advisors for selling PF trusts securities

The Air India Employees Provident Fund trust and Indian Airlines Employees Provident Fund trust are governed by the Provident Fund Trust Act, 1925

Chipping away at EPFO's benefits

If the Centre only enforces mobility between the EPFO and NPS, the subscribers will settle the argument by voting with their feet

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

The rules will be effective from April 1, 2022.

Top headlines: Govt plans land sale worth Rs 600 cr, EPF to give tax info

Business Standard brigs the top headlines of the day

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

Those earning high salaries should think twice before getting it restructured

Separate accounts within PFs to be maintained for taxation purpose

The Budget 2021-22 announced income tax on interest accrued on annual provident contributions above Rs 2,50,000 for non-govt employees and Rs 500,000 for govt employees

Streamline investment for insurance, pension funds in InvITs: NITI Aayog

A staggered approach should be followed for streamlining of investment guidelines and limits to keep pace with the growth in the InvIT market, it suggested