Tag: EPF

How to transfer old pf account balance to new pf account?

How to transfer old pf balance into new pf account?

Income Tax

These 5 rules related to income tax will change from April 1 2021

Income Tax Rules Change: From April 1, 2021, many rules related to income tax will be changed. Finance Minister Nirmala Sitharaman (Union Finance Minister Nirmala Sitharaman) announced these changes in Budget 2021. The new changes include exempting 75-year-olds from filing income tax, in addition to raising TDS and making big announcements on tax on EPF. …


EPFO extended social security benefits to the subscribers

EPFO extended social security benefits to the subscribers of J&K and Ladakh

Consequent upon implementation of EPF & MP Act, 1952 in the UTs of J&K and Ladakh w.e.f. 31st October, 2019, EPFO has extended its provident fund, pension and insurance benefits to all employees of existing establishments covered under the erstwhile JK PF Act as well as the employees of newly covered establishments. EPFO has set up …


EPFO

Payroll data: EPFO adds 12.54 lakh net subscribers in December, 2020

The provisional payroll data of EPFO published on 20th February, 2021 highlights a positive trend for net subscribers base growth with addition of 12.54 lakh subscribers in the month of December, 2020. The data reflects increase of 44 % in net subscribers addition over the previous month of November, 2020. Year on year comparison of payroll data shows …


Startup India Seed Fund Scheme

Document Startup India Seed Fund Scheme (SISFS) has been approved for the period of next four years starting from 2021-22. It will be implemented with effect from 1st April 2021. The Scheme aims to provide financial assistance to startups for proof of concept, prototype development, product trials, market entry and commercialization. Rs. 945 Crore corpus …