Tag Archives: EPF

Govt clarification on controversial tax on EPF

Clarification about Changes made in the Tax Treatment for Recognised Provident Fund & National Pension System (NPS) There seems to be some amount of lack of understanding about the changes made in the General Budget 2016-17 in the tax treatment for recognised Provident Fund & NPS. The following clarifications are …

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 »

Who has to register under Employee Provident Fund (EPF)

Employee Provident Fund (EPF) is a society security fund created for the purpose of providing financial security and stability during retirement. The employees will contribute a portion of their salary to this fund during his employment. The employer is also obliged to contribute an equal amount (as specified by the …

Read More »