The EPFO, which has 50 million subscribers, provides annual interest of 8.75 per cent on provident fund deposits.
rediffGURU and financial planning expert Colonel Sanjeev Govila (retd) answers your personal finance-related questions.
The EPFO has about 5 crore (50 million) subscribers and the decision will have a bearing on their retirement fund.
'My protest was in the interest of the nation.' 'I am just doing my duty as a citizen of this country.'
While financial planning is good for you, the process which a planner can put you through is not so great, observes financial planner P V Subramanyam.
It's such a well-kept secret that even well-heeled financial planners aren't aware of it, says Harsh Roongta.
As of now, foreign employees applying for withdrawal of provident funds are required to open bank accounts in India.
'They know that if they do not tie up with the Congress, then the minorities will move to the Congress.'
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Mumbai Indians captain Rohit Sharma should take a break from IPL 2023 and instead prepare in earnest for the WTC final against Australia next month, said batting great Sunil Gavaskar.
Employees of around 150 firms may lose out on PF benefits as their companies failed to get an exemption certificate from the Employees' Provident Fund Organisation (EPFO)
The amazing excuses given by people who don't invest their money abound, but you would be wise to ignore them. Excuses won't help you get ahead; they can only hold you back from the retirement you deserve, says financial planning advisor P V Subramanyam
Debt as an investment avenue for the wealthy has been attracting more assets than equity. The portfolio management service (PMS) industry, whose services require a minimum investment of Rs 50 lakh, has seen a 4.4 per cent decline in equity assets since March 2022.
Do you have financial planning queries? Ask rediffGURU Anil Rego.
These are the four primary issues that have soured the relationship between SBI-led lenders and JKC and delayed the resumption of commercial flights by Jet Airways, once India's largest private airline, which went bankrupt in 2019. Over the past three years, the airline went through an insolvency process under which JKC's resolution plan was approved by a committee of creditors (lenders) and the National Company Law Tribunal (NCLT) in October 2020 and June 2021, respectively. But this didn't mean an end to the problems.
'Having a look the last couple of days it looks like it's prepared pretty similar (to Nagpur). It looks pretty dry.'
Mihir Tanna, Associate Director, S K Patodia & Associates, answers your tax queries.
The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Star Indian long jumper Murali Sreeshankar on Saturday qualified for the 2024 Paris Olympics after winning a silver medal in the Asian Athletics Championships.
Post your financial planning queries for rediffGURU and financial planning expert, Colonel Sanjeev Govila.
Mihir Tanna, Associate Director, S K Patodia & Associates, will answer your personal income tax queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The government on Tuesday raised the deposit threshold limit to Rs 5 lakh per annum in provident fund for which interest would continue to be tax-exempt.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
Under the Atmanirbhar Bharat Rozgar Yojana announced by the Centre to incentivise formal sector job creation, all 'new employees', who were never a part of the EPF system in the past, and those who made an exit from employment during the Covid-19 pandemic from March 1, 2020, to September 30, 2020, will be eligible for the benefit.
According to the law, the contribution "should not be more than 5 per cent of the amount paid to gig workers. The government is likely to start seeking contribution from gig companies towards the fund from April 1, 2021.
Interest on employee contributions to provident fund over Rs 2.5 lakh per annum would be taxed from April 1, 2021, a move aimed at taxing high-value depositors in the EPF. Finance Minister Nirmala Sitharaman said the Employee Provident Fund (EPF) is aimed at welfare of workers and any person earning less than Rs 2 lakh per month will not be affected by the Budget proposal. Expenditure secretary T V Somanathan said the number of people who actually contribute more than Rs 2.5 lakh is less than 1 per cent of the total number of contributors in the EPF.
Will the EPFO be required to deduct tax at source or will the employee have to calculate the tax and pay it separately?
Pacer Matheesha Pathirana starred with the ball as Chennai Super Kings eased to an emphatic six-wicket victory against Mumbai Indians.
'There is so much talent in the country and cannot play on reputation.'
The central government has agreed in-principle to Air India employees' main demands. It fears an industrial dissension now could impede the process of privatisation. It has agreed to bear the cost of liquidation loss on account of transfer to the Employees' Provident Fund Organisation (EPFO) from company-owned trusts, inclusion of employees in the central government health scheme (CGHS), and encashment of leaves. The template of the Air India process will be followed for other public sector undertakings up for privatisation at a later date.
With his appointment as AG, the many constitutional law matters that are pending before the Supreme Court will receive specialised attention.
The Employees' Provident Fund Organisation (EPFO) on Monday set May 3 as the deadline for subscribers to opt for a higher pension. The Supreme Court on November 4 allowed another change for employees who were existing EPS members as on September 1, 2014, to contribute up to 8.33 per cent of their actual salaries - as against 8.33 per cent of pensionable salary capped at Rs 15,000 a month - towards pension. The apex court gave a four-month window to enable opting for higher pensions.
Retirement fund body EPFO on Thursday lowered the interest rate on Provident Fund deposits to 8.5 per cent for the current financial year, Labour Minister Santosh Gangwar said on Thursday.
By region, Thiruvananthapuram leads with 247 defaulters, followed by Kolkata with 173 and Bhubaneswar with 115
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Anil Rego, CEO, Right Horizons, answers your personal income tax queries.
The report, released a little over a year after the deadly crash of the Air India Express plane, said the "probable cause of the accident was the non adherence to SOP (Standard Operating Procedure) by the PF (Pilot Flying)".
Ahead of the Union Budget 2023, insurers are hoping that the Centre will act on their recommendations, which includes increasing the limit for tax deduction under 80D of the Income Tax Act. Also among them are issuance of long-term bonds, tax incentives for home insurance premiums, and a separate section to claim deduction for term-insurance premium, among others. These suggestions would help improve the penetration of insurance in the country.
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