Filing of E-nomination will facilitate the EPF members to submit pension claims through online and in case of any untoward incident of death it enables smooth filing of claims by the family members. Employees can file E-nomination using the facility provided in Unified Member portal. Hence, all the employers are requested to educate about the benefits of filing e-nomination …
Tax saving mutual funds or Equity linked Saving Schemes (ELSS) help you to save income tax under section 80C of the Income Tax Acts. You can invest a maximum of Rs 1.5 Lakh in ELSSs and claim tax deductions on your investments every financial year. Are you Interested? Before procedding further, you should first familiarise …
In the midst of inflation, the central government has used scissors on the retirement fund of the salaried people. The government has approved an interest rate of 8.1 percent for the Employees’ Provident Fund (EPF) for the year 2021-22. This is the lowest in 4 decades. This will affect five crore EPFO subscribers. Earlier in …
If your PPO number is lost then your pension may stop. In this case you may get into trouble. Pensioners coming under the Employee Pension Scheme are given a unique number called Pension Payment Order (PPO). On the basis of this, pensioners get pension after retirement with the help of this. Although you can easily …
The provisional payroll data of EPFO has been released today, i.e., 20th March 2022, which highlights that EPFO has added 15.29 lakh net subscribers during January 2022. Month-on-month comparison of payroll data also indicates an increase of 2.69 lakh net subscribers addition in January, 2022 as compared to the net additions during the previous month of December, 2021. …
The provisional payroll data of EPFO released on 20th February 2022 highlights that EPFO has added 14.60 lakh net subscribers during December 2021. Comparison shows an increase of around 2.06 lakh in net payroll additions in December 2021 as compared to 12.54 lakh net subscribers added during the corresponding month previous year. For the month of …
If you do a job or business somewhere, then you may have to pay Income Tax. Employed people have to pay income tax not only on salary but also on many things like interest coming from savings, earning from home, side business, capital gains. But do you know that there are some sources of income …
The last month of the year 2021 i.e. December is going on. By the end of this month, you have to tackle many important tasks at any cost. If you do not complete these tasks before the due date, then you may suffer a big loss. If you have not filed income tax return yet, …
The provisional payroll data of EPFO released today highlights that EPFO has added around 15.41 lakh net subscribers during the month of September 2021. For the month of September 2021, the net subscriber additions have increased by 1.81 lakh as compared to the previous month of August 2021 when it was 13.60 lakh. Out of …
The Employees’ Provident Fund Organization (EPFO) is considering giving an opportunity to all its subscribers to opt for equity investment. Till now crores of subscribers of EPFO do not have this option and EPFO itself invests up to 15% in equity market through its fund managers. Increased interest of people in NPS In fact, the …