Page 4 - Epf

Subscribers to get 8.5% EPF savings interest at one go on 'market boost'

The EPFO had decided that 8.15 per cent interest from its debt income would be credited immediately

HC rejects PIL claiming EPF Act not being followed while enrolling members

Delhi HC dismissed a PIL which claimed that the Employees' Provident Funds and Miscellaneous Provisions Act of 1952 and the schemes framed under it were not being followed while enrolling members

EPF subscribers cross pre-Covid level in July, but number may be overstated

Earlier, there was a net addition of 20,164 to EPF subscription in April, 172,174 in May. However, new data now shows subscribers shrank by 61,807 in April and addition in May was just 40,551

How 3 labour codes aim to reform employment contract, layoffs, work safety

Legal changes will grant contract workers equal statutory social security benefits as regular workers of a business

Strapped for cash? Dip into your EPF corpus only as the last resort

Sell off investments that you possess in a manner that your asset allocation is maintained

How to claim income tax deduction for investments made in April - July 2020

One of the key points to note while accounting for these investments made from April to July is that a deduction once claimed in FY20 on an investment made, cannot be claimed again for FY21

PPF, EPF, Sukanya Samriddhi: All you need to know about tax savings schemes

Individuals and HUFs can opt for a new tax regime from FY 2020-21 by giving up about 70 deductions/exemptions

Top headlines: FMCG market growth slump, YES Bank capital raising, and more

From FMCG market likely to witness slump, DoT asking telcos to list out spectrum demands to analysts predicting GDP fall to 3-decade low, Business Standard brings you top headlines of the day

Limit on employer's contribution to retirement plan: All questions answered

Contributions to NPS may need to be scaled down

Reduction in EPF contribution could pose as a risk in the long run

Employees need to save at least 20% of their gross salary to build a reasonable retirement corpus. The later you start, the more you need to save

Rs 4,000-cr EPF scam: Adityanath govt removes UPPCL chairman Alok Kumar

EPF Scam: Adityanath govt removes Chairman of Power Corporation

EPF scam: UP economic offence wing turns heat on Union Agriculture Secy

What makes matters worse for the top Union government Secretary is the mounting pressure from thousands of state government employees and labour unions to initiate action

Now workers can generate UAN from EPFO portal directly. Details here

At present, workers are required to apply through their employers to get the universal account number (UAN), which enables them to avoid filing PF transfer claims on changing jobs

SC rejects plea seeking clarity on restructuring wages for EPF deduction

At present, inspectors are allowed to assess dues and inspect old records with no time limit

Take-home salary may rise under new Employees' Provident Fund law

At present, 24 per cent of a worker's basic pay is deducted - with 12 per cent each counted as employer's and employee's share - towards the EPF savings

Planning to change your job? Soon, EPF transfer will be automated

This will enable the employee to get the credits of his EPF contribution during his previous tenure with old employer into his or her UAN automatically

Balancing the costs of gender equity

Incentivising women to join the workforce is less the problem than incentivising companies to hire them

Pensioners demand higher monthly payout of Rs 7,500

The pensioners have demanded Rs 7,500 as a basic pension plus DA

Passive investing in EPF may be soon over

If the changes being considered by the EPFO become a reality, investors may have to be more active in deciding equity preference and when to withdraw money

Now, you can get EPF transferred to new employer automatically

Ensure your Universal Account Number is activated and the employer had done KYC for it