epf

EPFO net new enrolments grow in February 2021

EPFO net new enrolments grow in February 2021

In India, various EPFO schemes are very prominent. As a result,  EPFO net new enrolments grow. According to EPFO info, there has been an upward trend with the addition of 12.37 lakh gross subscribers in February 2021. In this article, we will look at this update in detail. In addition, we will also understand EPF, EPF … Read more

You need to know about EPF before Switching Job!

You need to know about EPF before Switching Job.

Switching jobs is a good thing to do, but it can be scary too. There are a lot of things to consider before making the big jump. For example, you need to know about EPF and transfer EPF (Employer funded Pension) PF to a new employer account. In this article, we will read about EPF, … Read more

Finance Ministry defends EPF’s tax-free thresholds

Finance Ministry defends EPF’s tax-free threshold

The Finance Ministry defends EPF’s tax-free thresholds enabling government employees to have a tax-free threshold. This limit or threshold is 5 lakh for Provident Fund contributions. However, for private-sector jobs, employees having investments above 2.5 lakhs in PPF will be under taxation. This taxation system will begin this year. Therefore, In this article, we will … Read more

ESIC scheme adds 11.55L new members in Jan 2021

ESIC scheme adds 11.55L new members in Jan 2021

ESIC schemes are very popular in India. As a result, there is a hike in new members joining the scheme. According to NSO numbers, the number of new ESIC subscribers registering in 2019-20 was 1.51 crore. Approximately 83.35 lakh new customers joined the ESIC system between September 2017 and March 2018. ESIC scheme adds 11.55L  … Read more

New PF Limit Raised To Rs 5 Lakhs

New PF Limit Raised To Rs 5 Lakhs

There is a piece of good news for all of us. This news is about the new PF limit increased to Rs. 5 Lakhs. The government has increased the annual cap for tax exemption on interest received on employee provident fund contributions to Rs 5 lakh. Therefore, in this article, we will discuss the EPF … Read more

New EPF Rules: How EPF Contributions Will Be Taxed Now

New EPF Rules

Employment Provident Fund(EPF) is very necessary for all the employees working in India. Hence, a minor change in its rule can also affect a lot of people. The latest changes in the EPF rules for this financial year has been announced by our Finance Minister. In this article, we will discuss New EPF Rules: How … Read more

Employees Provident Fund: All you Need to Know about EPF

Employees Provident Fund

In India, If you already have an EPF account. You might have also heard about PF or EPF, which means the Employee Provident Fund. It is a government scheme to provide benefits of saving for each employee. This scheme also allows tax exemptions on the returns of up to Rs. 1.5 lakh. Besides, the interest rate … Read more

New Rules and Regulation For Gratuity by Central Government

gratuity for workers

New Rules and Regulation For Gratuity by Central Government on Labour, in their report on Code on Social Security, 2019, has approved that the Eligibility Period for Payment of Gratuity to an employee after termination will be reduced. The Government also considered for Reduces the Eligibility period for gratuity from five to one consecutive year. … Read more

10 FAQs on New EPF Contribution Rules

new epf contribution rules

As we all know that the government has announced the new EPF contribution rules, which are going to result in a hike in the amount of monthly take-home salary of all the employees. Besides, a ₹ 2500 crores EPF contribution support shall be given to the businesses having EPF registration as well as the employees … Read more