Your pension fund balance is mentioned in your EPF Passbook which is part of Employees’ Pension Scheme (EPS). Segregation of Your EPF Contribution Currently, the following three schemes are in operation under the EPF Act of 1952, and it is into these trusts that your monthly contributions go...
interest at the applicable rates until the employee reaches retirement age. In the case of inoperative accounts of retired members, no interest is paid on such accounts. Such interest is taxable in the hands of the members at applicable slab rates as per the provisions of the Income Tax Act...
1952. A series of legislative interventions were made in this direction, including the Employees’ Provident Funds & Miscellaneous Provisions Act, 1952. Presently, the following three schemes are in operation under the Acts:( Click on the link if interested in reading the acts which...
The Government has permitted employers/companies to establish and manage their own private PF schemes, subject to certain conditions prescribed under the Employees Provident Funds and Miscellaneous Provisions Act, 1952 . These trusts are regulated by the Employees’ Provident Fund Organisation (EPFO). T...
You should not be working at the time of submission of the claim in an establishment that is covered under the Employees’ Provident Fund and Miscellaneous Provisions Act, 1952. You have an option to withdraw 75%of your funds after one month of unemploymentand keep their PF account with the...