Yes, if you intend to access the EPF portal to access online services, it is necessary to connect the UAN directly to both your PAN and Aadhaar. Q: What is the process for employees to receive the UAN number? Ans: If you're employed by an organisation that employs more than 20 people...
EPF Contribution is calculated on employee's BASIC Salary + Dearness Allowance (DA) if any, subjected to maximum Rs.15, 000/- per month. Both employer and Employee contribute to the EPF Account. EPS contribution is made by the employer and not from employee's salary or wage. Now come to...
Once EPF settles the account the EPF site shows the message about the account being settled with the date of NEFT amount. For example, explained below Claim receipt is for 16 Mar 2018, Dispatch Date is 19 Mar. But the amount is credited 2-3 days after the NEFT date mentioned in the St...
The interest is calculated at 1% simple interest per month on the defaulted amount for three months. The interest penalty would continue up to the next deadline. If even after the last deadline of 15 March, the tax is not paid, then the 1% would be on the defaulted amount for a month...
# Do remember that under Field 16 of Form 15G, mention the estimated income for which you are filing the Form. For EPF Withdrawal Enter the EPF amount you will get. This includes only Employee and Employer contribution. This should not include EPS or Pension. ...
Whenever you join a new company, you come across common terms such as PF orprovident fund. Your in-hand salary is calculated after deducting your PF or EPFamount. It may sound confusing in the beginning but in reality, it is quite easyto understand. What is an Employee’s Provident Fund...
Once the IT Declarations are submitted by all the employees, the employers can view the status of these submission. Other than payroll management,Employee Provident Fund(EPF) and EPS contribution are also calculated in Deskera People Try Deskera People For Free Today ...
Please let me know as per the client requirement deduction on "Rent Free Accommodation Tax Deduction" as per the below scenario. 1) The perquisite value shall be arrived at ax for each employee @ 7.5% of gross salary+Ex-Gratia. 2) The tax applicable based on earning shall be calculated....
SBI charges a fee ranging from Rs 5 to Rs 15 (plus applicable GST) for non-maintenance of the required monthly average balance. The charges vary depending upon the branch location and degree of the shortfall. Related Articles: Saving Bank Account:Do you know how interest is calculated ...
Your tax liabilities for a Financial Year are calculated from the income earned by you during that year. Sometimes, that income includes arrears (past dues paid in the current year). Usually tax rates increase with time which means that you may have to pay higher taxes in such case. However...