Category: PF

EPFO adds 14.81 lakh net subscribers in August 2021

October 22, 2021 By newtaxindia Off

Nearly 50% of total net subscriber additions in August are fresh Job seekersThe provisional payroll data of EPFO released on 20th October, 2021 highlights that EPFO has added around 14.81 lakh net subscribers during the month of August, 2021. The data reflects a growing trend…

EPFO adds 14.65 lakh net subscribers in July

September 22, 2021 By newtaxindia Off

The provisional payroll data of EPFO published on 20th September, 2021 reveals that EPFO has added around 14.65 lakh net subscribers during July, 2021. The data highlights a growing trend in net payroll additions for last four months. For the month of July 2021, the…

TDS on withdrawal from EPF – Section 192A

September 11, 2021 By Damodhar C Off

You know that Employees Provident Fund and Miscellaneous Provisions Act, 1952 are applicable to specified employers. Under EPF Schme,1952 it is liability of an employer to deposit specified amount of salary of the employee along with his share with the Provident Fund Commissioner. The contribution…

New EPF Rules from from September 2021

September 1, 2021 By Damodhar C Off

Those who work in various organizations are familiar with the Employees Provident Fund (EPF). The company pays the same amount along with the employee contribution (share). Having a high interest rate of 8.5% compared to any other savings is beneficial to employees. The EPF rules…

How to apply benefits of ₹ 7 Lakhs EPF nomination digitally

August 25, 2021 By Damodhar C Off

The Employees Provident Fund (EPF) Employees Deposit-Linked Insurance Scheme is an initiative to provide socio-financial security to the families of its subscribers. Under this scheme, the families of EPF members are currently entitled to a maximum insurance cover of Rs. 7 lakhs. If an EPF…

How to Avoid TDS-Exemption in PF Withdrawal

July 18, 2021 By Damodhar C Off

 Provident Fund (PF) account is the investment made by the employees in their post-retirement life. It is managed by the Employees’ Provident Fund Organization (EPFO). EPFO allows advance withdrawal, though only for retirement. However, TDS (tax at source) is deductible, depending on when and how…

How Long Should I Continue PPF Account

July 7, 2021 By Damodhar C Off

Parents begin to save for their children to stabilize their children’s future financially. The Public Provident Fund (PPF) account is one of the investment options to choose from. Most parents are opening an account. But over time, that is likely to change. Completely discontinued for…