Category: PF

EPFO launched mobile app, mobile based services for members

Last updated : 7th October, 2016Retirement fund body EPFO launched a mobile application and other phone-based services like accessing PF account details for its over 3.54 crore subscribers, 49.22 lakh pensioners and 6.1 lakh employers. EPFO launched three mobile based services for the Employees Provident Fund (EPF) members. Mobile Application,

TDS on PF withdrawal before 5 years – Budget 2015 – new Section 192A

Last updated : 7th October, 2016 Update – May 2016 – No tax would be deducted at source for PF withdrawals of up to Rs 50,000 from June 1 2016.    https://wealth18.com/no-tds-for-pf-withdrawals-of-up-to-rs-50000/ In Budget 2015, new Section 192A of Income Tax Act is proposed to deduct tax (TDS) on PF withdrawal before

EPF threshold raised from Rs 6500 & increased to Rs 15000 – New PF rule EPFO Notification

Last updated : 7th October, 2016 As per new EPFO Notification, Employees earning upto Rs 15,000 a month will come under the Employees’ Provident Fund (EPF) net. UPDATE (28-Aug) :   The formal notification is issued now and it will be effective from 01-Sep-2014. Gazette Notification providing for increase in wage

Employer can cap PF contribution limit to Rs 6500 Basic Salary – New EPFO Notification & Supreme court ruling

Last updated : 7th October, 2016 As per New Notification issued by EPFO & Supreme court ruling, Employer can cap PF contribution limit to Rs 6500 Basic Salary. On May 27, 2014, the Employee Provident Fund Office issued a circular permitting Companies to limit its PF contributions against the required salary