Epf

The government has decided to reduce the tax benefits on PF, in a move to target high-income earners who benefit from the scheme.

An individual who starts working at the age of 21 years with a basic monthly salary and DA (Dearness Allowance) of Rs 25,000 can retire with over Rs 1 crore from his regular contributions to the EPF investment.

While the EPF is a lifetime deposit, there are provisions to withdraw money from the EPF early as well. 

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

Government has approved 8.1 per cent rate of interest on employees' provident fund (EPF) deposits for 2021-22

Centre is considering linking the wage ceiling under EPFO to the consumer price index or some other measures to allow periodic revision

A key change was made to EPF rules to allow a person to withdraw PF corpus if one faces unemployment before retirement due to lockdown or retrenchment

The circular said the TDS will be deducted when the interest is paid to an EPF account.

Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly will be taxed from today, i.e., April 1, 2022. That limit has been set for government employees at a higher end of ₹ 5 lakh.

Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.

The government will tax Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly - including the employee, the employer contributions and the interest earned. The limit has been set higher for government employees at ₹ 5 lakh.

The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts -- taxable and non-taxable contribution accounts from April 1, 2022.

EPFO is thinking of coming out with a new pension product for organised sector workers who are getting basic wages of more than Rs 15,000 per month

EPFO's board of trustees will decide the interest rate on employees' provident fund deposits for 2021-22 in its meeting scheduled for next month

The centralised system will allow de-duplication and merger of all PF accounts of members and remove the need to transfer EPF account on job change

The government has decided to reduce the tax benefits on PF, in a move to target high-income earners who benefit from the scheme.

An individual who starts working at the age of 21 years with a basic monthly salary and DA (Dearness Allowance) of Rs 25,000 can retire with over Rs 1 crore from his regular contributions to the EPF investment.

While the EPF is a lifetime deposit, there are provisions to withdraw money from the EPF early as well. 

Salaried individuals receive salaries periodically from their employer, mostly on a particular date.

Government has approved 8.1 per cent rate of interest on employees' provident fund (EPF) deposits for 2021-22

Centre is considering linking the wage ceiling under EPFO to the consumer price index or some other measures to allow periodic revision

A key change was made to EPF rules to allow a person to withdraw PF corpus if one faces unemployment before retirement due to lockdown or retrenchment

The circular said the TDS will be deducted when the interest is paid to an EPF account.

Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly will be taxed from today, i.e., April 1, 2022. That limit has been set for government employees at a higher end of ₹ 5 lakh.

Several new tax rule changes are coming into effect from April 1, when the new financial year begins. These include tax rules on Employee Provident Fund (EPF) interests, Tax Deducted at Source (TDS), and crypto-assets.

The government will tax Employees Provident Fund (EPF) contributions exceeding ₹ 2.50 lakh yearly - including the employee, the employer contributions and the interest earned. The limit has been set higher for government employees at ₹ 5 lakh.

The Centre has planned to tax Employees Provident Fund (EPF) contributions exceeding Rs 2.50 lakh yearly. For government employees, the limit has been set at a higher end of Rs 5 lakh. Under the set of new Income Tax (I-T) Rules, PF accounts are likely to be divided into two parts -- taxable and non-taxable contribution accounts from April 1, 2022.

EPFO is thinking of coming out with a new pension product for organised sector workers who are getting basic wages of more than Rs 15,000 per month

EPFO's board of trustees will decide the interest rate on employees' provident fund deposits for 2021-22 in its meeting scheduled for next month

The centralised system will allow de-duplication and merger of all PF accounts of members and remove the need to transfer EPF account on job change