According to the regulations of the EPF plan, you are permitted to withdraw funds from your Employee’s Provident Fund (EPF) account for a number of reasons. You are permitted to take withdrawals from your EPF account beginning at age 55 in order to fund your retirement. know about withdraw from EPF corpus for repayment of…
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Usually, employees covered under the Employees Pension Scheme (EPS) know that they are eligible for a pension from the age of retirement. However, not many know that if they have been covered under the Employee’s Provident Fund (EPF) for more than 20 years, they are also entitled to a bonus. This bonus is given in…
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PF Balance Transfer: It is often seen that when people change jobs from one company to another, they forget to transfer their PF balance, when later they remember, then they get nervous thinking that they are now in the EPF office Will have to travel. We are going to tell you that if you have…
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Income Tax Rules Change: From April 1, 2021, many rules related to income tax will be changed. Finance Minister Nirmala Sitharaman (Union Finance Minister Nirmala Sitharaman) announced these changes in Budget 2021. The new changes include exempting 75-year-olds from filing income tax, in addition to raising TDS and making big announcements on tax on EPF….
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Consequent upon implementation of EPF & MP Act, 1952 in the UTs of J&K and Ladakh w.e.f. 31st October, 2019, EPFO has extended its provident fund, pension and insurance benefits to all employees of existing establishments covered under the erstwhile JK PF Act as well as the employees of newly covered establishments. EPFO has set up…
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The provisional payroll data of EPFO published on 20th February, 2021 highlights a positive trend for net subscribers base growth with addition of 12.54 lakh subscribers in the month of December, 2020. The data reflects increase of 44 % in net subscribers addition over the previous month of November, 2020. Year on year comparison of payroll data shows…
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Document Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 Crore corpus…
