EPF Subscribers be alert! Know the latest updates which are going to be implemented post April 1st,2022 onwards

Big alert to EPF Subscribers! As per recent amendment passed in budget 2021-22, Contributions beyond 2.5 lakh are subject to tax. So every epf subscriber is liable to pay tax if his epf a/c crosses the threshold limit of 2.5 lakh in a financial year. Latest amendment to be implemented on epf a/c’s post AprilContinue reading “EPF Subscribers be alert! Know the latest updates which are going to be implemented post April 1st,2022 onwards”

Big Shock To EPFO Subscribers! PF Interest Rates Have Been Slashed To Lowest Of The Decade !

Generally employees contributes 12% of their basic pay to employees provident fund organisation (EPFO)in addition to the employers(recruiter)contribution. That EPF contribution would be utilised by withdrawing lumpsum amount at retirement. But the recent amendment by CBDT(Central Board of Direct Taxes) makes epfo subscribes worrisome. CBDT has approved a draft to slash epf interest rate toContinue reading “Big Shock To EPFO Subscribers! PF Interest Rates Have Been Slashed To Lowest Of The Decade !”

How To Check Your PF Balance?

EPF(Employees Provident Fund Organisation)is a mandatory scheme for salaried class. Some portion of employers contribution as well as employees contribution would be deducted from their salary every month. Due to frequent job changes, some employees neglect to transfer their EPF a/c to new organisation. In fact, some are unaware of their EPF balance,but it isContinue reading “How To Check Your PF Balance?”