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The Employee Provident Fund (EPF) is a retirement savings scheme mandated by the Government of India, aimed at providing financial security to employees post-retirement. Both the employer and the ...
Employees Provident Fund contribution (EPF) calculation: Every private sector employee has to contribute 12% of his/her Basic Salary+Dearness Allowance (DA) towards the Employees’ Provident Fund (EPF) ...
As per the EPFO rules, entire PF withdrawal is tax exempted and hence this rise in EPF balance due to the implementation of the new wage act is going to provide huge relief to EPF account holders. How ...
As per the EPFO norms, entire PF withdrawal is tax exempted and hence this rise in the EPF balance due to the implementation of this new wage act in India is going to provide huge relief to the EPF ...
Earning money while working is important, but saving is even more important. Sudden financial needs can arise at any time. In such situations, your savings are helpful. Now, how to save? So, the ...
For the benefit of subscribers, retirement fund body EPFO has asked its regional offices to provide details of the calculation sheet to the EPF subscribers at the time of final settlement or ...
(d) Commission or any other similar allowance. The concept of ?basic wages? on which PF contribution is to be calculated has always been a debatable issue. The Supreme Court has laid down two tests to ...
The rate of interest for the FY 2020-2021 is 8.5%.(Mint) The Central Board of Trustees of Employees' Provident Fund Organisation (EPFO) has recommended an 8.50% annual rate of interest to be credited ...