Tag Archives: 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 …

Public Sector Undertakings comes under EPFO scanner EPFO concentrates on workers in the construction sector Student trainees are not employees for the purpose of EPF & MP Act, 1952. New Delhi, 5 November 2015: While taking stock of the various developments in EPFO during the month of October, 2015, Shri K.K. …

  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 …

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 …

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 …

Period of service – In case the PF amount is withdrawn within 5 years of continuous service, then the lump sum amount received is taxable. How to compute 5 years of service? To calculate the taxability of PF amount, one has to see whether the employee has completed 5 years …