Page 6 - Provident Fund

Finance Bill gives relief on digital tax, provident fund threshold

Tax breaks for DFIs; way for LIC listing cleared

Budget proposals will ease taxpayers' burden from April 1, say experts

But changes like taxation of EPF contributions above Rs 2.5 lakh will pinch the wallet

Non-govt PFs, gratuity funds can invest in alternative investment funds

Finmin notifies changes to the investment pattern of these funds

Top headlines: Rich PF investors may opt for debt funds, GST slab merger

Following the backlash it received for the update to its privacy policy in early January, WhatsApp will now let users take a better look at the changes that have been proposed. Read top news here

Wealthy PF investors may opt for debt funds as Budget changes tax rule

Budget proposes that interest on the PF contributions (employee contribution) above Rs 2.5 lakh per annum be taxable with from April 1, 2021

If you want higher returns, and are prepared for volatility, opt for NPS

But be ready for lock-in till the age of 60, volatility, mandatory annuitisation

Sheen diminished for VPF, but not lost: Here's how should you invest?

Only PPF and Sukanya Samriddhi offer higher returns among govt-backed schemes

21.5% growth in direct tax revenue for FY22 a realistic goal: CBDT chairman

In a Q&A, P C Mody says while income tax slabs have been left untouched, more money is being put in the hands of taxpayers with faster refunds. Tax administration reforms will boost tax compliance

Interest on employee's PF contributions over Rs 2.5 lakh to be taxed

One per cent of EPF contributors to be affected

Interest earned on PF contributions above Rs 2.5 lakh to be taxable: Budget

Employers who delay the deposit of workers' share of social security contributions like employees' provident fund will not be able to claim the amount as deduction from their income

Govt offers PF subsidies to employers in Atmanirbhar job incentive scheme

Sop available in the case of both, new hires and those who lost their jobs to Covid; Atmanirbhar Bharat Rozgar Yojana will benefit workers with wages up to Rs 15,000

Gig workers to make PF contribution, get social security for first time

Over 1 million workers set to join new regime in first year

EPFO sees three-fold rise in provident fund withdrawal claims through app

The Union Labour and Employment Ministry said in a statement that the EPFO received 1.1 million claims between April and July 2020 through the UMANG mobile application

EPFO allows regional offices to settle PF claims from other centres

Since April 1, EPFO has been settling claims for withdrawal of special Covid-19-related advances within three days. It has settled over 80,000 claims amounting to Rs 270 cr on daily basis since April

EPFO launches multi-location claims settlement facility to expedite process

The facility will bring a paradigm shift by allowing EPFO offices to settle online claims from any of its regional office across the country, the labour ministry said in a statement.

RBI stops 7.75% bond: Here're some fixed-income options for senior citizens

PMVVY, SCSS, PPF and Bharat Bond are instruments senior citizens can turn to

Diversify your investments beyond bank FDs to counter declining rates

Invest in a mix of small savings products, debt funds with quality portfolios to counter declining rates

Net enrolments with EPFO dip to 5.72 lakh in March from 10.21 lakh in Feb

The data also showed that during September 2017-March 2020 period, the number of net new subscribers was around 1.55 crore

Good time to opt for voluntary provident fund to enhance returns

Liquidity is an issue, but it scores on other parameters

Govt may soon allow firms to delay EPF contributions or pay in installments

EPFO CEO tells companies they are legally obliged to make provident fund contribution on basic pay of up to Rs 15,000