Industry hails proposal for tax benefit on NPS scheme
Even as the pension fund industry waits eagerly for any possible changes on tax benefits on pension investment in the Budget proposals, the industry has hailed the existing proposal to provide tax benefit on 40 per cent of withdrawal amount at the maturity of any NPS scheme
Mar 07, 2016, 20:06 PM IST
Govt to notify categories of employees exempt from EPF tax
The government will notify categories of employees who will be excluded from the controversial tax proposal on provident fund withdrawals, a Finance Ministry official said Friday.
Mar 04, 2016, 16:39 PM IST
Unions oppose tax on provident fund withdrawals
Rejecting government's contention that proposed tax on EPF withdrawals was aimed at moving towards pensioned society, trade unions today said retirement fund body EPFO which has over 5 crore subscribers already provides pension under its social security scheme.
Mar 02, 2016, 15:10 PM IST
PF shocker! 60% of EPF and superannuation corpus to be taxed
Budget 2016, announced by Finance Minister Arun Jaitley on Monday proposes to tax part of Employee Provident Fund (EPF) withdrawals from April 1, 2016.
Feb 29, 2016, 16:56 PM IST
Pay interest on retained PF or give entire amount: Unions
Earlier this month, Employees Provident Fund Organisation (EPFO) tightened the norms for withdrawals of PF accumulations for its over five crore subscribers.
Feb 28, 2016, 18:37 PM IST
Bad News! Now you can't withdraw your PF after attaining the age of 54
Retirement fund body EPFO has tightened norms on withdrawal of provident fund as well investment of such amount in Varishtha Pension Bima Yojana for its over five crore subscribers.
Feb 25, 2016, 22:09 PM IST
Online PF withdrawal facility by August this year!
With the new facility, settling PF withdrawal claims would just take few hours.
Feb 11, 2016, 16:28 PM IST
Withdrawal of provident fund to become lot more easier: Know what you need to do
You will have to follow very simple procedures so that you don't have to run around your previous company for withdrawal of provident fund.
Dec 30, 2015, 12:06 PM IST
Now file PF withdrawal claims without employers' attestation
This facility will be available to all those subscribers whose Universal (or portable PF) Account Number (UAN) is activated and seeded with the KYC details like bank account and Aadhaar number.
Dec 01, 2015, 19:38 PM IST
EPFO allows small firms to pay dues by cheques and drafts
Giving a breather to small firms, retirement fund body EPFO has allowed employers, whose statutory contribution is less than Rs 1 lakh, to make payment through bank drafts, banker's cheques and local cheques till December this year.
Aug 19, 2015, 23:47 PM IST
EPFO reviews online PF withdrawal plan after SC ruling
Retirement fund body EPFO has decided to re-examine its plan to launch online PF withdrawal facility for its subscribers having Aadhaar enabled PF and bank accounts, in the backdrop of apex court ruling.
Aug 18, 2015, 14:18 PM IST
`EPFO may invest more in equities next year`
The comments come as India`s Employees` Provident Fund Organisation (EPFO) said on Thursday it would invest in stocks this year for the first time.
Aug 06, 2015, 14:23 PM IST
5 key things you should know about premature PF withdrawals
The Labour Ministry will soon issue a notification in this regard to amend the Employees' Provident Fund Scheme to cap the withdrawal.
Jul 25, 2015, 10:46 AM IST
Govt set to cap premature PF withdrawals at 75%
The Labour Ministry is all set to cap premature provident fund withdrawal at 75 percent of total deposits in case an EPFO subscriber goes without a job for two months.
Jul 24, 2015, 19:21 PM IST
Govt reduces claims settlement period by EPFO to 20 days
EPFO has settled 11.06 lakh claims in June, 38 percent of these were settled within 3 days and 76 percent within 10 days.
Jul 15, 2015, 20:02 PM IST
