Allowing multiple choice to the subscribers/corporates to change Investment Option - PFRDA PENSION FUND REGULATORY AND DEVELOPMENT AUTHORITY B-14/A, Chhatrapati Shivaji Bhawan Qutab Institutional Area, Katwaria Sarai, New Delhi-110016 Phone : 011-26517503 Fax : 011-26517507 Website : www.pfrda.org.in 01 March 2017 CIRCULAR PFRDA/2017/8/PD/2 To, All Stakeholder … [Read more...] about Allowing multiple choice to the subscribers/corporates to change Investment Option and Asset Allocation Ratio during the Financial Year
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TDS on approved Provident and Superannuation Funds as per Income-Tax Act
TDS on approved Provident and Superannuation Funds as per Income-Tax Act TDS on payment of accumulated balance under recognised provident fund and contribution from approved superannuation fund Ministry of Finance has issued a circular about details of TDS on approved Provident and Superannuation Funds as per Income-Tax Act TDS ON PAYMENT OF ACCUMULATED BALANCE UNDER … [Read more...] about TDS on approved Provident and Superannuation Funds as per Income-Tax Act
State Railway Provident Fund: Rate of interest 2016-17
State Railway Provident Fund - Rate of interest during the year 2016-17 (October, 2016 - December, 2016) RBE No. 121/2016 GOVERNMENT OF INDIA (BHARAT SARKAR) MINISTRY OF RAILWAYS (RAIL MANTRALAYA) (RAILWAY BOARD) No. F(E)III/2003/PF/1/1 New Delhi, Dated : 13.10.2016 The GMs/FA&CAOs, All Indian Railways/Production Units, (As per mailing list) Subject: State … [Read more...] about State Railway Provident Fund: Rate of interest 2016-17
EPFO disbursed Rs. 47,630 crore as member benefits and Rs. 8,200 crore as monthly pensions in 2015-16
EPFO disbursed Rs. 47,630 crore as member benefits and Rs. 8,200 crore as monthly pensions in 2015-16 In 2015-16, EPFO disbursed approximately Rs. 47,630 crore as member benefits and Rs. 8,200 crore as monthly pensions. To monitor the status of enrolment of contractual employees especially in municipalities, EPFO has taken steps towards putting in place a system where … [Read more...] about EPFO disbursed Rs. 47,630 crore as member benefits and Rs. 8,200 crore as monthly pensions in 2015-16
Government raises provident fund interest rate to 8.8% for 2015-16
Government raises provident fund interest rate to 8.8% for 2015-16 In the third roll-back in two months, the government today raised the interest rate on employee provident fund (EPF) contributions to 8.8 per cent for 2015-16 against 8.7 per cent approved by the Finance Ministry last week. Labour Minister Bandaru Dattatreya announced the decision to raise interest rate on … [Read more...] about Government raises provident fund interest rate to 8.8% for 2015-16
Government puts on hold new Provident Fund withdrawal norms till July 31
The Government puts on hold new Provident Fund withdrawal norms till July 31. New PF withdrawal norms proposes to bar withdrawal of employer’s contribution to the provident fund corpus until the employee attains the age of 58 years. On the issue of new Provident Fund withdrawal norms, the government today decided to keep the implementation of new norms in abeyance for three … [Read more...] about Government puts on hold new Provident Fund withdrawal norms till July 31
Budget 2016 – High Chances of Boost in Take Home Salary
“We are in favour of waiving the employees’ contribution altogether up to a certain level of income. This will boost the take-home salary of such employees rather than force them to park so much of their monthly income into their EPF account for retirement,” said the official. Budget 2016 – High Chances of Boost in Take Home Salary – An analyst said this could also help … [Read more...] about Budget 2016 – High Chances of Boost in Take Home Salary
EPFO may pay 9% interest on PF deposits for 2015-16
EPFO may pay 9% interest on PF deposits for 2015-16 Retirement fund body EPFO may provide 9 per cent interest on PF deposits for this fiscal, which is higher compared to 8.75 per cent provided in previous two fiscals to its over five crore subscribers. The Employees Provident Fund Organisation’s (EPFO) finance panel has recommended raising the interest rate on statutory … [Read more...] about EPFO may pay 9% interest on PF deposits for 2015-16
EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
EPFO may raise interest rate on PF from 8.75% for FY16 Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the last two financial years, during its trustees' meet tomorrow. Retirement fund body EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75 per cent fixed for the … [Read more...] about EPFO is likely to increase the interest rate on PF deposits for 2015-16, from 8.75% fixed for the last two financial years
EPFO to deduct TDS on PF withdrawals in some cases from June
EPFO to deduct TDS on PF withdrawals in some cases from June New Delhi: Retirement fund body EPFO will deduct tax at source from next month on PF withdrawals where accumulations are over Rs 30,000 and the employee has worked less than five years. "The Finance Act, 2015 (20 of 2015) has inserted a new section 192A regarding the payment of accumulated provident fund balance … [Read more...] about EPFO to deduct TDS on PF withdrawals in some cases from June
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