Religious institutions and charitable trusts employing 20 workers or more will have to deposit employees' provident fund with the EPFO.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
With the new facility, settling PF withdrawal claims would just take few hours.
In a discussion paper, the Department of Industrial Policy and Promotion has suggested creation of new service entities to which most of the statutory compliances, under the labour laws for small and medium enterprises, can be outsourced.
Under the proposed scheme, there will be tripartite agreement with member, bank/housing agency and EPFO for pledging future PF contributions as EMI payment.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your mutual fund queries.
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your personal income tax queries.
The Employment Provident Fund Office may introduce social security number (SSN), a unique 14-digit identity number for all provident fund subscribers, in West Bengal within this year.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
The city police commissioner has promulgated prohibitory orders under Section 144 of Code of Criminal Procedure in the limits of Bengaluru city till the midnight of April 22.
At least two Karnataka State Road Transport Corporation buses and one of Bengaluru Metropolitan Transport Corporation have been set on fire, they said.
There are differences between the ministries of labour and finance on the issue.
The Finance Audit and Investment committee recommended 8.95% interest.
Retirement fund body EPFO will provide permanent or universal account numbers on the pattern of core banking services to its over 5 crore active subscribers.
Taxing the existing retirement benefits schemes would affect the working class, the labour ministry said.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Once in place, the new system is expected to benefit around 60 million workers covered under EPFO.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Richardson and Cruddas Limited, Khatau Makani Spinning and Weaving Mill, and Mafatlal Industries were among the 10 top defaulting establishments in Maharashtra who had failed to pay up their contribution to the Employees Provident Fund Scheme.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Once approved by the finance ministry, the rate hike will benefit six crore EPFO subscribers.
Meet a Mumbai couple whose hearts are so big that they emptied out their entire savings to help feed the poor and needy during the COVID-19 pandemic.
The Central Bureau of Investigation (CBI) on Tuesday conducted raids on the premises of noted builders Hiranandani brothers, who have been accused of "evasion" of employees provident fund.The raids have been conducted at eight places belonging to Hiranandani brothers in the city.
The retirement fund body plans to launch 'One Employee One EPF Account' system on May 1.
In a statement, Jayalalithaa said it was unfortunate that the EPF board decided to retain the interest rate at 8.5 per cent, amidst opposition from the huge work force of the country.
Under the new provision, an EPF subscriber being a member of a co-operative or housing society with at least 10 members can withdraw up to 90 per cent from the fund for purchase of a dwelling house or flat or construction of a dwelling house and acquisition of site.
Generally, most Indians are under-prepared for their post-retirement life. Many middle class private sector employees end up consuming their PF accumulations for variety of other reasons like marriage of their children, medical treatment or purchase of house, etc., says Anil Chopra- Group CEO & Director- Bajaj Capital
The Income-Tax (I-T) Department nowadays provides pre-filled forms to make the filing of income-tax return (ITR) easier. Nonetheless, you must have a number of documents handy at the time of filing return so that you can cross-check the data in the pre-filled form. "Filing ITR doesn't require you to upload any document. But in case an assessing officer makes an inquiry, you will need to present documents and certificates as proof," says Deepak Jain, chief executive, TaxManager.in.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
Members can register themselves on the website using any government issued photo identity card and cell no. as passwords.
The approval is in addition to the existing scheme for the wage months of March to May, 2020 approved on April 15, 2020. The total estimated expenditure is Rs 4,860 crore and over 72 lakh employees in 3.67 lakh establishments will be benefitted.
The EPFO on Friday deferred a decision on interest rate on provident fund deposits for 2010-11 following pressure from trade unions that want rates to be raised to 9.5-10.5 per cent from 8.5 per cent.
The Left parties, however, opposed the privatisation of the Delhi and Mumbai airports.
A health care savings fund must be introduced for all salaried employees similar to the PF scheme and it should be tax deductible.
Retirement fund body EPFO net added 14.81 lakh subscribers in August 2021, reflecting a growing trend in net payroll for the first five months of this fiscal. The provisional payroll data of Employees' Provident Fund Organisation (EPFO) released on Wednesday highlights that it added around 14.81 lakh net subscribers during the month of August 2021, a labour ministry statement said. The data reflects a growing trend in net payroll for the first five months of the current financial year, it added.
Over 50 million subscribers of the retirement fund body EPFO can obtain e-passbook along with details of their updated accounts online from Wednesday.
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