This is an E-E-E instrument – meaning your contributions are deductible under Section 80C, interest earned is tax free and maturity proceeds are also tax free, provided contributions to the fund have been for more than 5 years of service. Interest earned on EPF is the equivalent of a high...
As we know the Employees Provident Fund actually consists of EPF,EPS(Employee Pension Scheme) and InsuranceEDLIS(Employees Deposit Linked Insurance Scheme).Distribution to EPF,EPS and EDLI remains the same for exempt and unexempt as shown in the table below.Our articleBasics of Employee Provident...
Seamless transactions:Updating KYC details enables smooth and hassle-free transactions related to your EPF account. For example, when you initiate a withdrawal or transfer request, having updated KYC details ensures that the process is efficient and avoids any delays or complications. Compliance with r...
Solution:As per an official in the PF department, you have to go to the PF office and get your PF merged. In such scenarios, it may happen that you won’t be able to apply for the claim through online means and you would have to apply for the offline claim. In such a scenario, ...
The TermIt’s Meaning Basic PayThe basic pay before any further contributions DAThe amount of take-home pay is determined by adding the Dearness Allowance to the basic income. The PF Interest Calculator helps with the calculation of interest on both employee and employer contributions at the end...