Monthly Archives: February 2016

Budget 2016-17 surprise: EPF will now be partially taxable

Posted by & filed under Budget 2016.

The changes announced by the finance minister Arun Jaitley in the Budget can reduce your retirement savings significantly when you withdraw it. The FM has made Employee Provident Fund (EFP) and National Pension Scheme (NPS) withdrawals on retirement partially taxable. The EPF until now followed a exempt-exempt-exempt taxation structure. This means, there was no tax on investment, on interest accrued and… Read more »

Pay interest on retained PF or give entire amount: Unions

Posted by & filed under Provident fund -News.

Trade Unions including RSS-backed Bhartiya Mazdoor Sangh (BMS) have demanded that retirement fund body EPFO shall either allow unemployed subscribers to withdraw their entire PF or give interest on retained amount.  “We will demand from Labour Minister that either EPFO pays entire amount in PF account or pay interest on the retained amount to unemployed… Read more »

ESIC Toll Free Helpline Numbers

Posted by & filed under Esic Benefits.

ESIC Corporation has setup the Public Grievances Redressal Systems at all levels i,e HQRS/Regional/Sub Regional/Divisional/Branch Offices/ESIC Dispensaries /Esi Hospital  In order to speed up the grievances under the ESIC Schemes various measures have been taken by the corporation it includes a Toll free Helpline Number 1800-11-2526 activated at the qrs Office  besides this in every state the following helpline numbers… Read more »

SECTION 80CCD के लिए अटल पेंशन योजना CBDT द्वारा अधिसूचित

Posted by & filed under Income Tax.

MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 7/2016 – Income-tax New Delhi, Date: 19th February, 2016 O. 529(E).- In exercise of the powers conferred by sub-section (1) of section 80CCD of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby notifies the ‘Atal Pension Yojana (APY)’ as published in the… Read more »

Indian Government puts limit on early withdrawal from provident fund

Posted by & filed under Provident Fund Benefits.

Dear all  As per my earlier blog as in regards to Major 3 Latest Amendments In EPF And EDLI pls find the details in brief:- =========================================================== In brief The Ministry of Labour and Employment, Government of India, has made a few amendments in the Employees’ Provident Fund Scheme, 1952 (PF Scheme). These are effective from 10 February 2016. Key… Read more »