Along with changes in income tax, budget 2015 has also made some changes in TDS (Tax Deduction at source) for Fixed Deposit, Recurring Deposit and EPF (Employee Provident Fund). The post discusses these changes: TDS on Recurring Deposit (RD) Until now recurring deposit was not subjected to TDS. Budget 2015 has amended this and now […]
There is good news for five crore subscribers of EPF (Employee Provident Fund) and VPF (Voluntary Provident Fund). EPFO has decided to increase the interest rate on both EPF & VPF to 8.5% for FY 2012-13. This was reduced to 8.25% for FY 2011-12 from 9.5% a year earlier. The cut in interest rate had
EPF & VPF Interest Rate raised to 8.5% for 2012 – 2013 Read More »
In a recent order The Employees’ Provident Fund Organization (EPFO) has made it mandatory for new members to submit their Aadhaar numbers as part of the KYC (Know Your Customer) verification from March 1, 2013. This means that anyone joining salaried workforce needs to have Aadhaar number before March 1, 2013 or he might not
Aadhaar from UIDAI now compulsory for your EPF Account Read More »
Employee Provident Fund Organization (EPFO) has finally gone digital. Now you can check your EPF (Employee Provident Fund) balance online and generate e-passbook online. Here are 7 Steps to access your EPF e-Passbook: Step 1: Visit the EPFO members’ portal by clicking this link – http://members.epfoservices.in/ Step 2: Click on Register button at the bottom
EPF ePassbook: How to Check your EPF Balance Online? Read More »
After rate cut in EPF (Employees’ Provident Fund), there is some good news for all Government Employees. The interest rate on government employees’ retirement savings parked in the General Provident Fund (GPF) has increased from 8% to 8.6%. This is first increase after 2003. A similar rate hike has also been effected in a special
