Fri, Dec 20, 2024
EPF Corpus Calculator: The interest earned on EPF is tax-free. EPF members can withdraw funds before maturity in case of emergencies like marriage, house construction or higher education.
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Wed, Dec 18, 2024
In cases of auto settlement... The money goes to the bank account and they in any case are able to withdraw it from the bank account, from any ATM presently, Dawra said.
Originally available until May 3, 2023, the deadline was first extended to June 26, 2023, to allow a full four months for eligible pensioners and members to submit their applications.
Tue, Dec 17, 2024
EPS Pension Calculator: A private sector employee with an Employees' Provident Fund (EPF) account becomes eligible for Employees' Pension Scheme (EPS) on completion of 10 years of service. The pension is calculated on the basis of the pensionable salary and service.
Sat, Nov 30, 2024
The Board approved several key reforms aimed at enhancing member benefits and streamlining processes.
Fri, Nov 29, 2024
EPFO 3.0: After the EPFO 3.0 launch, subscribers might be able to withdraw PF through ATMs through a debit card-style facility.
Thu, Nov 28, 2024
Every EPF subscriber becomes eligible for the EPS pension. An EPF subscriber can apply for EPS pension by filling out form 10C and submitting it to their employer or the nearest EPFO office. In this context, we will discuss the monthly EPS pension a 30-year-old employee with 28 years of pensionable service will get at the retirement age of 58.
The central government has said that the rate of unemployment in the 15-29 age bracket was lower than global levels in FY24. It has also said that the Worker Population Ratio (WPR) for the youth increased from 31.4 per cent in 2017-18 to 41.7 per cent in 2023-24.
Tue, Nov 26, 2024
Three schemes for ELI were announced in Union Budget 2024-25 as part of the Prime Minister's package of five schemes and initiatives to facilitate employment, skilling and other opportunities for 4.1 crore youth over 5 years with a central outlay of Rs 2 lakh crore.
Mon, Nov 25, 2024
EPF Interest Calculation: A private sector employee with at least Rs 15,000 monthly basic salary and dearness allowance (DA) can start contributing to EPF. The current interest rate in the scheme is 8.25 per cent that is subject to review every 3 months. EPF provides tax benefits to its subscribers.
Wed, Nov 20, 2024
EPFO assigns each member a 12-digit number known as the UAN (universal account number). Even if an employee changes employers, his or her UAN remains the same.
Mon, Nov 18, 2024
EPF Retirement Corpus Calculator: Employees' Provident Fund (EPF) is a slow and steady process to generate retirement corpus. While one gets tax benefits on deposits, the interest earned and the retirement corpus are also tax-free.
Mon, Nov 11, 2024
EPF Retirement Corpus: Employees' Provident Fund (EPF) is a popular scheme to create a retirement corpus. Private sector employees can invest monthly to generate a tax-free corpus that can help them achieve retirement financial goals.
Fri, Nov 08, 2024
EPF Retirement Planning: Employees' Provident Fund (EPF) provides tax-free corpus. If an employee invests consistently in EPF and increases the amount as their basic salary increases, they can create quite a substantial retirement corpus.
Thu, Nov 07, 2024
EPS Pension Calculator: Employees' Pension Scheme (EPS) is a monthly pension scheme for Employees' Provident Fund (EPF) account holders. The employee becomes eligible for the pension after at least 10 years of service. The maximum pensionable service is 35 years.
Tue, Oct 29, 2024
Employees’ Pension Scheme (EPS) was launched in 1995 to help employees get a monthly pension post retirement. Therefore, let’s check out what will be your monthly pension if you are 25 years old and have a pensionable service of 33 years.
Mon, Oct 28, 2024
EPF Retirement Corpus: Employees' Provident Fund (EPF) is a retirement scheme for private sector employees, where they invest monthly and get a fixed interest rate on their investments. If they avail the full limit of EPF, not only can it become a good debt investment option, but it can also help them generate a tax-free retirement corpus.
Sun, Oct 20, 2024
EPFO enrolled around 9.30 lakh new members in August 2024, representing an increase of 0.48 per cent from August 2023, a labour ministry statement said.
Thu, Oct 17, 2024
The scheme has been extended with retrospective effect from April 28, 2024 onwards, Mandaviya said. The move will ensure up to Rs 7 lakh of life cover to more than 6 crore EPFO members.
Tue, Oct 08, 2024
VPF vs EPF: Are you contributing the standard 12 per cent of your basic salary to your EPF but looking to boost your retirement corpus? If so, it’s time to explore the Voluntary Provident Fund (VPF). By increasing your monthly investment, you can significantly enhance your savings over 35 years, benefiting from an attractive interest rate of 8.25%. Know how to optimize your retirement savings strategy and potentially double your existing corpus with smart investing—
Mon, Oct 07, 2024
EPF Retirement Corpus Calculation: Employees' Provident Fund (EPF) is a retirement scheme for private sector employees to help them build a retirement corpus through monthly contributions to their EPF account. If they start contributing in their mid-20s or early 30s and do it for a long time, they can create a large, tax-free fund.
Thu, Sep 26, 2024
EPFO Pension Rules: If an employee takes a pension at the age of 59 years, he is given a pension at an additional rate of 4 per cent, whereas, at the age of 60 years, he is given a pension at an additional rate of 8 per cent.
Mon, Sep 23, 2024
Union Labour Minister Mansukh Mandaviya said that 10.52 lakh new or first-time workers subscribed to social security schemes run by Employees' Provident Fund Organisation (EPFO).
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