Category: EPFO

PF Account Holder

Good News for PF Account Holders

Today can be a very special day for more than 6 crore account holders of EPFO ​​(Employees’ Provident Fund) amid Coronavirus. According to the news received by Zee News, a huge amount of PF for PF account holder is going to come in the account of the subscribers by the end of July. Employees’ Provident …


Income tax

Taxpayers get big Tax relief deadline is extended of compliances

Income Tax Return Deadline: In view of the second wave of Corona epidemic, the government has announced some reliefs for the taxpayers. The government has extended the deadline for income tax related works. As taxpayers will now have more time to file TDS, the government has extended tax relief to first-time home buyers as well. …


EPFO

EPFO payroll data: 12.76 lakh net subscribers added during April, 2021

The provisional payroll data of EPFO published on 20th June, 2021 highlights that EPFO has added around 12.76 lakh net subscribers during April, 2021. Despite the second wave of COVID-19 pandemic, April 2021 registered an increase of 13.73% net subscribers addition as compared to the previous month during which around 11.22 lakh net subscribers were …


EPFO

EPFO raises death insurance cover to Rs 7 lakh for THESE subscribers

Retirement fund body Employees’ Provident Fund Organisation’s (EPFO) has hiked the death insurance benefits for employees’ deposit-linked insurance (EDLI) scheme beneficiaries, amidst the onslaught of the second wave of the COVID-19 Pandemic. The retirement fund body has hiked the minimum death insurance benefit to Rs 2.5 lakh while the maximum benefits have been raised to …


EPFO

EPFO adds 12.37 lakh net subscribers in the month of February, 2021

The provisional payroll data of EPFO has been published on 20th April, 2021 highlights a growing trend with the addition of 12.37 lakh net subscribers during the month of February, 2021. Despite COVID-19 pandemic, EPFO has added around 69.58 lakh net subscribers during the current financial year. The data reflects growth of 3.52% in net subscribers addition in …


EPFO

Employers’ provident fund contribution tax norm creates confusion

Before deciding the tax interest earned by private sector employees contribution over the 2.5 lakh towards provident fund from April 2021, the government had decide to bring employer’s contribute of over 7.5 lakh towards retirement saving to tax net last year. in the previous year Budget Finance Minister Nirmala Sitharaman decide to tax employer’s contributions …