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...
This is one of the common reason why PF claim is rejected. This is because of the EPFO officer while processing the claim while entering the reason for rejection chooses this. The EPFO office can select 2 reasons from the dropdown-others and Certificate A/B/C/D/E/F. If Epfo officer se...
The contribution of employee for EPF is the 12% of (Basic pay + DA) The contribution Employer for EPF is the 12% of (Basic pay + DA) Take note that the employer's contribution of 12% is split into two parts: 8.33 % goes to the employee pension plan (EPS) and 3.67 % goes to ...