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 !”

Good News For EPFO Subscribers! Now EPF Subscribers Can Get Benefits Up To 7 Lakh Under “Employee Deposit Linked Insurance Scheme”

This is really a good news for EPF Subscribers. Central Government has modified the norms under Employee Deposit Linked Insurance Scheme. If you are a EPF Subscriber and covered under Employee Deposit Linked Insurance(EDLI)1976 scheme, you were entitled to get up to 7 Lakh rupees benefits that too without any premium from your side. AsContinue reading “Good News For EPFO Subscribers! Now EPF Subscribers Can Get Benefits Up To 7 Lakh Under “Employee Deposit Linked Insurance Scheme””

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?”