provident fund - Latest News, Analysis, Opinion

Retirement fund body EPFO has relaxed the provision that requires furnishing of Universal Account Number for settlement of claims like PF withdrawal for all those who left membership before January 1, 2014

EPFO Credits 8.8% Interest In 17 Crore Member Accounts For FY'16

Retirement fund body EPFO on Friday said it has updated over 17 crore member accounts, crediting interest rate of 8.8 per cent for fiscal 2015-16

EPFO Members To Benefit As Govt Plans Low-cost Housing Scheme

Government is working on a scheme to provide low-cost housing for retirement fund body EPFO’s over five crore subscribers, Parliament was informed on Monday

Government Says Rs 43,000 Crore Lies In Inoperative EPF Accounts

Minister of State for Labour and Employment Bandaru Dattatreya said it has been recently decided to credit interest to the inoperative accounts.

Finance Ministry Approves 8.7% Interest On EPF For 2015-16: Dattatreya

The Finance Ministry has approved 8.7 per cent interest on PF deposits for over 5 crore subscribers of retirement body EPFO, lower than 8.8 per cent decided by the Central Board of Trustees

Government Rolls Back Stricter PF Withdrawal Norms

Economy Policy Labour

EPFO may allow full PF withdrawal under certain conditions like purchase of house, serious illness, marriage and professional education of children

Inoperative EPF Accounts To Earn Interest From 1 April

The decision will benefit over nine crore such account holders having total deposit of around Rs 32,000 crore

Rahul Gandhi Cheers Roll Back Of Tax On EPF Withdrawal

As the government rolled back the controversial proposal to tax EPF withdrawal, Rahul Gandhi on Tuesday mounted a fresh attack on it, saying the attempt to tax the safety net of the middle class was "morally" wrong

EPF Tax Rollback A Welcome Relief To Salaried Class, Say Experts

The rollback of the controversial EPF tax proposal is a step in the right direction and will bring welcome relief to the salaried class, say tax experts

FM Jaitley Withdraws Tax On EPF After Backlash

Ashish Sinha

Buckling under pressure, the government on Tuesday announced in Parliament that the proposal to tax 60 per cent of Employees’ Provident Fund has been withdrawn

Arun Jaitley Signals Rollback Of Pension Tax Plan After Backlash

The Finance Minister's pensions tax plan has sparked fury among India's small but vocal professional class -- only around 36 million of the country's 1.3 billion people contribute to the EPF

Jaitley To Spell Out Final Stand On Taxing EPF In Budget Debate

The intention behind the move is to make India more insured and pensioned society as the Budget provision provides for no tax on EPF withdrawal if it is invested in pension-based annuities

Govt To Consider Rollback Of Tax On EPF Withdrawals

Finance Minister Arun Jaitley's proposal to tax 60 per cent of withdrawals from provident fund came under immediate attack from various employees unions

Provident Fund May Be Withdrawn Online From August, Says EPFO Official