Apr 01, 2021 09:54 AM IST
From the new tax rates on your Employees’ Provident Fund to relief to senior citizens over 75 years of age from filing income-tax returns, here are all the money changes and rules effected April 1.
- Mar 23, 2021 10:19 PM IST
Limit on tax-free employees' provident fund contributions raised from Rs 2.5 lakh announced in Union Budget 2021
- Mar 16, 2021 09:34 AM IST
The report added that the number of partial withdrawals doubled to 1.3 crores in 2020 as compared to 54.4 lakhs in 2019.
- Mar 13, 2021 11:34 AM IST
The EPFO has the dual role of being the enforcement agency to oversee the implementation of the EPF & MP Act and as a service provider for the covered beneficiaries throughout the country.
- Mar 11, 2021 11:16 AM IST
The Budget has made interest on PF contributions beyond Rs 2.5 lakh taxable. If the rule is made applicable to the defence forces as well, here are other avenues to invest
- Mar 08, 2021 05:07 PM IST
From April 1, if the employee's contribution to PF - statutory or voluntary - exceeds Rs 2.5 lakh a year, then the interest earned on this excess contribution will become taxable at the prevailing income tax rates.
- Feb 23, 2021 10:43 AM IST
The government's new wage code requires basic pay to be 50 percent of your total salary. Provident fund deductions will, therefore, increase.
- Feb 22, 2021 11:17 AM IST
Sitharaman has also said there is no plan to merge EPF with the National Pension Scheme and they will continue to remain in their present forms.
- Feb 16, 2021 10:35 AM IST
Employees earning high salaries can opt for a mix of EPF, PPF and NPS to optimize returns
- Feb 09, 2021 09:33 AM IST
The income tax department has indicated that interest income from provident fund contributions over Rs 2.5 lakh will be taxed like fixed deposit interest
- Feb 04, 2021 09:30 AM IST
Interest earned on provident contributions of Rs 2.5 lakh in a year will now be taxed. Is it time to look for alternatives?
- Feb 01, 2021 03:21 PM IST
A larger contribution to your Employees’ Provident Fund will be taxed
- Jan 22, 2021 11:58 AM IST
Given the long-term outlook, investing only in debt instruments may not help to beat cost inflation. The added exposure to equity through ETFs may provide the additional boost to generate higher rate of returns subject to market risk
- Jan 21, 2021 05:27 PM IST
Though both the NPS and EPF are overseen by the government, they differ from each other on various parameters
- Jan 21, 2021 05:23 PM IST
Moneycontrol takes a deeper dive into the EPFO and its schemes, and explores what does it do and what its benefits are.
- Jan 21, 2021 05:16 PM IST
Secure and tax-efficient, VPF can give a significant boost to your retirement corpus
- Jan 21, 2021 05:15 PM IST
EPFO’s decision to invest in equities was the right one. But its decision to include CPSE ETF and Bharat-22 ETF hasn’t worked well
- Jan 21, 2021 05:14 PM IST
EPFO needs to reform itself on three broad counts: design, governance, and management information systems
- Jan 18, 2021 09:20 AM IST
Everyone should begin saving for retirement no matter how old they are
- Dec 31, 2020 04:37 PM IST
Gains from ETF sales stood at around Rs 3,000 crore which helped the government meet FY20 EPF rate of 8.5 percent.
The 8.5% interest would comprise 8.15% from debt income and balance 0.35% (capital gain) from the sale of ETFs (exchange traded funds) subject to their redemption by 31st December, 2020.
- Dec 16, 2020 10:11 PM IST
The Labour Ministry has sent a proposal to the Finance Ministry to give concurrence to credit 8.5 percent rate of interest on EPF for 2019-20 earlier this month.
- Dec 10, 2020 02:35 PM IST
But if your salary is over Rs 15,000 the new Code of Wages may not materially impact your salary
- Nov 12, 2020 05:03 PM IST
The EPF benefit is restricted to low-income employees drawing a salary of up to Rs 15,000 per month
- Oct 10, 2020 07:10 PM IST
To get the EPF details, the subscribers’ UAN number and bank account should be linked to their permanent account number and Aadhaar card.
- Oct 09, 2020 09:48 AM IST
The new code has new rules for contribution to social security and payment of employee benefits, including retirement benefits