Moneycontrol

Budget 2023Budget 2023

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  • Tata AIA Life Insurance
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  • Motilal Oswal
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  • Budget 2023: All you need to know about EPF withdrawal, leave encashment Feb 03, 2023 06:23 PM IST

    Budget 2023: All you need to know about EPF withdrawal, leave encashment

    Budget announcements included amendments to provide relief to salaried taxpayers withdrawing their provident fund balance or receiving leave encashment from their employers.

  • EPFO starts crediting interest: Here's how to check your PF balance Nov 02, 2022 07:44 PM IST

    EPFO starts crediting interest: Here's how to check your PF balance

    Employees have started receiving interest for 2021-22 in their PF accounts. Check your balance online to know if your account is updated with the interest.

  • Dear EPFO, where is my interest? Oct 05, 2022 10:59 AM IST

    Dear EPFO, where is my interest?

    If there is a delay in crediting interest by, say, four months every year, over a work career spanning 25 years, it implies that for 100 months the interest on balances was not earned, which reduces retirement income.

  • The Code on Wages and how it will impact an employee's retirement fund Jul 01, 2022 11:58 AM IST

    The Code on Wages and how it will impact an employee's retirement fund

    Provident fund contribution for employees whose basic wage is over Rs 15,000 could remain unchanged, say experts

  • Explained: How EPF’s taxable and non-taxable accounts will work Jun 06, 2022 10:18 AM IST

    Explained: How EPF’s taxable and non-taxable accounts will work

    Employees contributing over Rs 2.5 lakh to their EPF account will feel the pinch of tax on interest on the excess amount this year, as the rules will be implemented when EPFO credits interest for FY 2021-22.

  • EPFO redeems Rs 12,785 crore ETFs for FY22 interest payout Mar 09, 2022 05:09 PM IST

    EPFO redeems Rs 12,785 crore ETFs for FY22 interest payout

    EPFO sold its investments under an accounting rule called FIFO and has garnered Rs 5,529 crore of capital gains. It will use it for FY22 interest rate calculation. EPF interest rate for the 2021-22 financial year will be announced on March 12.

  • Republic Day financial planning: Why our armed forces must look beyond DSOP for retirement Jan 26, 2022 09:52 AM IST

    Republic Day financial planning: Why our armed forces must look beyond DSOP for retirement

    your pension gives you a margin of safety but if you want to maintain quality of life and truly enjoy retirement, you need to think beyond safe investments

  • Private sector pensioners can submit annual life certificate at any time with validity upto 1 year Nov 27, 2021 05:52 PM IST

    Private sector pensioners can submit annual life certificate at any time with validity upto 1 year

    According to the recent tweet by EPFO's official Twitter account a Private sector pensioner will have to submit their Jeevan Pramaan Patra on or before the last date when he or she had submitted a year ago.

  • With 15.41 lakh more subscribers in September, EPFO shows a spurt in payroll additions Nov 20, 2021 10:00 PM IST

    With 15.41 lakh more subscribers in September, EPFO shows a spurt in payroll additions

    The data reflects a growing trend in net payroll for the first six months of the current financial year except in May, when the nation was reeling under the second wave of COVID-19.

  • Explained: How EPFO invests its funds and credits interest income Nov 01, 2021 06:43 PM IST

    Explained: How EPFO invests its funds and credits interest income

    Last week, the finance ministry approved the interest rate of 8.5 percent for 2020-21, almost eight months after the CBT had recommended it.

  • Finance ministry approves 8.5% EPF interest rate for FY21, pay-out to be credited within two weeks Oct 29, 2021 03:02 PM IST

    Finance ministry approves 8.5% EPF interest rate for FY21, pay-out to be credited within two weeks

    The board of retirement fund body Employees Provident Fund Organisation had recommended an 8.5 percent interest rate for FY21.

  • EPFO Fraud | Over Rs 21 crores siphoned off from accounts of migrant workers: Report Aug 19, 2021 09:47 AM IST

    EPFO Fraud | Over Rs 21 crores siphoned off from accounts of migrant workers: Report

    The transactions were carried out between March 2020 and June 2021 when the “mastermind” of the scam is Chandan Kumar Sinha, a 37-year-old clerk at the EPFO’s Kandivali office allegedly used 817 bank accounts, mostly of migrant workers to fraudulently withdraw Rs 21.5 crores, the report added.

  • PF withdrawal rule: Here's how to get Rs 1 lakh medical advance instantly Aug 01, 2021 05:54 PM IST

    PF withdrawal rule: Here's how to get Rs 1 lakh medical advance instantly

    The new EPFO circular outlines the treatment conditions under which it will be given and defines the ambit within which the medical advance falls. Covid-19 related treatments has recently been included in the list.

  • EPFO Check: All you need to know about provident funds Jun 23, 2021 01:02 PM IST

    EPFO Check: All you need to know about provident funds

    As per law, all businesses which have more than 20 employees on their roll are mandated to enroll under Employee Provident Fund Organisation (EPFO).

  • EPFO in equities | A look at the heart of the problem Jan 22, 2021 12:13 PM IST

    EPFO in equities | A look at the heart of the problem

    While the EPFO may continue investing in equities, the objective of enhancing replacement rate upon retirement would be seldom met unless liability side reforms are carried out

  • The nuts and bolts of EPFO Jan 21, 2021 05:23 PM IST

    The nuts and bolts of EPFO

    Moneycontrol takes a deeper dive into the EPFO and its schemes, and explores what does it do and what its benefits are.

  • Govt sticks to 8.5% as EPF interest rate for FY20; Redeems ETF units up to Dec 31 2020 instead of March 31 2020 to meet the 8.5% commitment Dec 31, 2020 04:37 PM IST

    Govt sticks to 8.5% as EPF interest rate for FY20; Redeems ETF units up to Dec 31 2020 instead of March 31 2020 to meet the 8.5% commitment

    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.

  • Explained : Why the employers may have to revise offer letters Dec 24, 2020 07:19 PM IST

    Explained : Why the employers may have to revise offer letters

    As per the new definition of wages under the Code on Wages, 2019, the government has put a cap on the allowances at 50 percent of the total compensation. The experts, therefore, say this will entail higher costs for employers and a lower take home pay for employees.

  • EPFO records 14.9 lakh net new enrolments in September 2020 Nov 20, 2020 08:27 PM IST

    EPFO records 14.9 lakh net new enrolments in September 2020

    The EPFO has added 14.90 lakh net subscribers in the month of September 2020, thereby increasing its subscriber base by around 30.92 lakh during the first two.

  • Digitisation of EPFO: How you can make provident fund transactions online with ease Sep 10, 2020 10:47 AM IST

    Digitisation of EPFO: How you can make provident fund transactions online with ease

    The speed with which applications have been processed in the time of this pandemic stands as testimony

  • Coronavirus pandemic | EPFO settles 1.37 lakh PF withdrawal claims worth Rs 280cr Apr 10, 2020 03:15 PM IST

    Coronavirus pandemic | EPFO settles 1.37 lakh PF withdrawal claims worth Rs 280cr

    "Employees Provident Fund Organisation (EPFO) has processed about 1.37 lakh claims across the country disbursing an amount of Rs 279.65 crore under a new provision especially formulated by amending the EPF Scheme to help subscribers fight Covid-19," a labour ministry statement said.

  • Coronavirus lockdown | How to withdraw PF money amid COVID-19 crisis Mar 30, 2020 12:00 PM IST

    Coronavirus lockdown | How to withdraw PF money amid COVID-19 crisis

    This decision will help to all those EPF subscribers who may face a pay cut, or run short of money amid nationwide lockdown till April 14.

  • EPFO must think out of the box Mar 11, 2020 09:35 AM IST

    EPFO must think out of the box

    Economic compulsions demand that the PF custodian explores ways to maximise returns on investment

  • EPFO trustees to meet today to fix FY20 interest rate, 8.5% likely Mar 05, 2020 12:13 PM IST

    EPFO trustees to meet today to fix FY20 interest rate, 8.5% likely

    The organisation is reportedly looking to make up for low investment yields

  • EPFO may cut PF interest rates by 15 bps to 8.5% for FY20: Report Feb 28, 2020 09:47 AM IST

    EPFO may cut PF interest rates by 15 bps to 8.5% for FY20: Report

    Earnings from long-term fixed deposits, bonds and G-Secs fell 50-80 bps over the past year and the retirement fund body may thus find it difficult to keep rates unchanged this fiscal