For the last 15 days, I would have got at least 10 queries about TDS on withdrawal of Provident Fund. Here is how the question goes ‘my employer is asking me to submit by name Form 15G. If I won’t submit, they deduct tax it seems. Can you help …
Read More »Payment Employee Provident Fund through Internet banking only
As per the Order dated 24th June 2015 by Central Provident Fund Commissioner, the payment towards Employee Provident Fund (EPF) contributions has to be made electronically through internet banking facility Summary – Establishments remitting contribution above Rs.100000 per month have to mandatory remit dues through internet banking only with immediate …
Read More »The basics of Contribution to Employee Provident Fund
During last week, one of the readers of our blog asked me to write about Employee Provident Fund (EPF) matters. This article is about the basics of EPF. Hope this helps understand EPF better. Applicability – All establishments in which 20 or more persons are employed have to …
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