Tue, Aug 08, 2023
Retirement planning: One must start early, budget wisely, invest strategically, and maintain financial discipline in order to retire early.
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Sun, Aug 06, 2023
Retiring early is a dream for many individuals, but in order to retire early, individuals must plan carefully and excute their retirement plan with discipline. They must start early, budget wisely, invest strategically, and maintain financial discipline in order to retire early. Here's a checklist on early retirement for those who want to hang their boots before the age of retirement.
Mon, Jan 16, 2023
Employees Provident Fund Organisation, EPS-95 Pension Scheme: To avail benefits of the scheme, an employee should have completed a service for at least 10 years.
Thu, Oct 20, 2022
Retirement fund body Employees' Provident Fund Organisation (EPFO) has added 16.94 lakh net members in the month of August, 2022 which is 14.40% up on Yo-Y basis according to the provisional data
Mon, Sep 26, 2022
EPS 1995: Can a member of the Employees’ Provident Fund Organisation (EPFO) who has availed reduced pension at the age of 50 get his full pension after attaining 58 years of age. As per the rules of EPFO, once the pension is sanctioned, it cannot be altered
Fri, Sep 23, 2022
EPFO Annexure K: Annexure K is a document which mentions the details about the Employees’ Provident Fund (EPF) accountholder, his accumulations with interest, his service history, date of joining and date of exit and employment details including past and present MID (Member ID).
Mon, Sep 19, 2022
EPFO: TDS deductions for non-residents - If the EPF account is linked with valid PAN, rate of TDS will be 30 per cent or tax rate specified under the DTAA (Double Taxation Avoidance Agreement) whichever is beneficial to PF member
Tue, Sep 06, 2022
Retirement fund body EPFO is in favor of increasing the retirement age of employees. It has said that the retirement age must be change with the view of life expectancy. It has argued that the pension system could be made more robust if the retirement image of the employee is increased
Wed, Aug 31, 2022
TDS on EPF withdrawal: withdrawal is subjected to TDS if the period of service is less than 5 years and accumulated amount is more than Rs 50000
Wed, Aug 24, 2022
EPFO: When a member dies while in service, widow/widower is entitled for minimum monthly pension of Rs 1000 under the Pension Scheme 1995 (EPS). In case of death of pensioner, pension to his or her widow/widower is 50% of member pension
Wed, Aug 17, 2022
EPFO is one of the World's largest Social Security Organisations in terms of clientele and the volume of financial transactions undertaken according to claims made by the website
Mon, Aug 08, 2022
The EPFO has been investing in ETFs since August 2015. Initially, the body decided to invest 5 per cent of its investible deposits into stock markets. Later, the proportion was increased to 10 per cent in 2016-17 and 15 per cent in 2017-18 and onwards
Thu, Aug 04, 2022
The pension contribution by an account holder of the Employees’ Provident Fund Organisation (EPFO) is a diversion from the employer’s share of Provident Fund (PF). There is no contribution towards pension from the employee.
Fri, Jul 29, 2022
Currently, the EPFO is allowed to invest 15 per cent in equity while the remaining amount in debt instruments. The likley increase in equity will be done in two phases – from 15 per cent to 20 per cent in the first phase while from 20 per cent to 25 per cent in the next phase
Wed, Jul 27, 2022
EPFO Account tips: A member can apply for withdrawal of the amount at any time unless he has resigned from the establishment. In case, if the member has resigned from service (not superannuation), he must wait for two months for withdrawal of the provident fund
Tue, Jul 26, 2022
EPFO Membership: If a person is working in a establishment without receiving any wages, he is not entitled for a PF membership. Membership is allowed only where the employee receives wages from the establishment
Mon, Jul 25, 2022
EPF Account: Employees' Provident Fund cannot be attached by any court of law under Section 10 of the EPF & MP Act
Fri, Jul 22, 2022
EPFO for Contractual Employees: Under the EPF & PB Act, Section 8 makes it mandatory for the principal employer by way of statutory duty to ensure that the contractor discharges all his liabilities towards EPF of contractual staff
Thu, Jul 21, 2022
In case, employer fails to carry out his obligations, the account holder has a remedy that he can avail. EPFO can invoke penal provisions of the Act to recover dues from employer. Complain can also be lodged with the police under section 406/409 of IPC by EPFO for action against such employers
Wed, Jul 20, 2022
EPF Tax rules: Non-resident account holders must pay applicable cess, surcharge on TDS deductions at these rates, cess on TDS, surcharge on TDS, TDS on EPF withdrawal, EPF contribution
Mon, Jul 18, 2022
High income earners with contributions of over Rs 2.5 lakh per year towards their Employees’ Provident Fund (EPF) are liable to pay taxes on interest incomes if contributions are made over this amount
Fri, Jul 15, 2022
A Social Security Agreement is a bilateral agreement between India and another country to ensure continuity of social security coverage of workers posted in another country
Wed, Jun 22, 2022
EPFO data suggested that out of the total 17.08 lakh subscribers added during the month, around 9.23 lakh new members have come under the social security cover of EPF & MP Act, 1952 for the first time
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