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New PF contribution rule may reduce your take home salary

Last updated : 7th October, 2016  Update: In case you are looking for the new EPFO notification about threshold increment from Rs 6500 to Rs 15000, please go to the post below : June 2014 – EPF threshold raised from Rs 6500 to Rs 15000 – New EPFO Notification http://wealth18.com/epf-threshold-raised-from-rs-6500-to-rs-15000/ —————————————————————————————————————————- This post if related to impact on take-home salary if the PF dept decides to include allowances under the ambit of PF deduction. Did you know that the latest drive of the Provident fund authorities may reduce your take home salary? Employees Provident Fund Organization (EPFO) is all set ... Read More »

Apply online for PF transfer and withdrawals from July 1 2013 : EPFO

Last updated : 7th October, 2016 EPFO is launching an online facility to apply for EPF Transfers & withdrawals on July 1 2013. EPFO’s Central Provident Fund Commissioner Anil Swarup told reporters at PHD conference – “We have decided to set up a central clearance house which will be operational on July 1. This will enable subscribers to apply online for settlement of the withdrawal and transfer of funds claims,” “The biggest problem faced by the subscribers is transferring their accounts on change of job. This central clearance facility will expedite the process”, he added. “The onus of getting the ... Read More »

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