Tag: EPF
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What efficient methods may help generate a gradual revenue stream throughout retirement?
I’m a 55-year-old particular person employed in a personal group. My internet wage after taxes is ₹20 lakh a yr. My partner is a homemaker. Collectively, now we have a ₹5.93 crore funding portfolio. Roughly, 55% of that is allotted to debt devices, with 5% saved in a financial savings account and one other 5%…
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What EPFO guidelines say when employer fails to deposit contribution in EPF account
In latest days, Byju’s has been within the headlines for all of the flawed causes. the Bengaluru-based ed-tech startup confronted flak for firing folks in giant numbers, and never paying its staff the provident fund for months. As per media studies, Byju’s has cleared 97% ( ₹123.1 crore) of dues after the EPFO probe into…
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EPFO subscribers alert: Deadline to use for larger pension from EPF ends at present
Deadline to use for larger pension from EPF ends at present: At the moment, June 26, is the final day to use for the next pension beneath the Workers’ Pension Scheme (EPS). If EPF members miss this deadline, they are going to miss the chance to use for the next pension. Will EPFO prolong the…
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Deadline for greater pension from EPF ending quickly. Particulars right here
The deadline to use for the next pension beneath the Staff’ Pension Scheme (EPS) will finish on Monday, 26 June 2023. The Staff’ Provident Fund Organisation (EPFO) has not too long ago addressed many doubts associated to the computation and documentation. Because the deadline is nearing, candidates are hurrying to finish their registration course of.…
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Larger pension from EPF: Why EPFO wants to increase the deadline once more
The deadline for making use of for the next pension with the Staff Provident Fund Organisation (EPFO) is approaching on 26 June 2023. Nevertheless, there may be nonetheless a scarcity of readability on varied points surrounding the method. These embody how cost and calculation will likely be finished, how discrepancies between wage information maintained on…
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When does your PF cease accruing curiosity?
How lengthy will the worker provident fund (EPF) account proceed to accrue curiosity after contribution to the account has stopped? is it taxed on the slab fee for the monetary yr of withdrawal or is there any mechanism to optimize the revenue tax to be paid? —Title withheld on request As soon as an EPF…
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How NRIs can switch steadiness quantity from provident fund
What are the restrictions on transferring the steadiness accrued in an Worker Provident Fund (EPF) to an non-resident abnormal (NRO) account? My try to deposit my PF quantity into my non-resident exterior (NRE) account was rejected by the financial institution. Additionally, one of many financial institution staff stated it can’t be deposited in my NRO…
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Larger pension or greater PF stability? Issues to contemplate earlier than rejigging EPS
EPFO information: In case you are a non-public sector worker, you’ve got time until June 26, to go for a better pension underneath the Workers’ Pension Scheme (EPS) run by the Workers’ Provident Fund Organisation (EPFO). Though the taxpayers have a adequate window to go for the upper pension underneath EPS. However they need to…