Provident Fund News

Web Stories

4 tax-saving financial instruments to invest in before March 31

Once the deadline for investing in equity instruments has elapsed, individuals can consider opting for non-equity financial instruments before March 31st.

1 min read12:58 PM IST
Money

Why withdrawal of money from your PF is fraught with challenges

A variety of reasons, from inaccurate KYC details to incorrect documentation, can hamper withdrawal of funds

6 min read12 Mar 2024
Web Stories

Every third claim made to EPFO gets rejected

The rate of rejection by the Employees' Provident Fund Organisation (EPFO) rose from 13 percent to 34 percent in 5 years

1 min read24 Feb 2024
Money

Nominee vs legal heirs: Who will have an upper hand in EPFO fund distribution?

EPFO members nominate family for provident fund distribution. Legal heirs inherit funds if no nominee is declared. Recent Supreme Court ruling prioritizes succession laws over nomination process for fund distribution.

2 min read21 Feb 2024
Money

What you can do to get your employer to deposit PF, TDS

Complaints should be submitted to the provident fund organisation with necessary proof

6 min read20 Feb 2024
Money

New Tax Regime: Should one continue to invest in tax saving instruments such as PF, PPF, Insurance?

As the tax benefit is now foregone for an individual opting for new tax regime, he/she needs to evaluate afresh investment decision based on three fundamental principles of safety, liquidity and return.

4 min read30 Jan 2024
News

Employees' Provident Fund Organization (EPFO) removes Aadhaar as valid date of birth proof. Here's what you can do

The Employees' Provident Fund Organization (EPFO) has announced that the Aadhaar card will no longer be accepted as proof of date of birth, following a directive from the UIDAI.

1 min read18 Jan 2024
Money

EPFO interest news: When can you expect the 8.15% EPF rate to be credited? How to check PF balance in passbook

The government has approved an 8.15% interest rate for the Employees Provident Fund (EPF) scheme for the financial year 2022-23. Members can check their EPF balance through the official website, text messages, missed calls, or the Umang App

2 min read26 Jul 2023
Money

How can I build a corpus of ₹2 cr within the next 7 years?

To accumulate ₹2 crore in 7 years, you need to invest ₹1.33 lakh per month or ₹1.2 lakh per month, if we assume returns of 10% p.a. and 12% p.a., respectively.

2 min read25 Jul 2023
Money

How is the tax on EPF interest calculated?

The accumulated PF balance to the credit of the employee as on the date of cessation of employment, is exempt from tax, if he/she has rendered continuous service for five years or more.

2 min read18 Jul 2023
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