The payroll data when compared by age group, shows the age group 22-25 years with highest number of net enrolments, with 4.03 lakh additions in Au
A taxable portion in which contributions above Rs 2.5 lakh will be accounted for and the interest earned thereon will be taxed.
When an EPF corpus is prematurely withdrawn, tax is deducted at the source. There is no TDS on a sum less than Rs 50,000, on the other hand
Pensioners of central, state government, EPFO and others whose pension disbursing agency is live for DLC can take this benefit.
As updation of employees record is a continuous process and gets updated in subsequent months, the data is provisional
The deferring of the deadline by EPFO will help in buying more time for employers to link their employees' Aadhaar numbers with PF accounts
Rule 9D provides for separate accounts to be maintained within the provident fund from this fiscal year
Approximately 31 lakh new payrolls have been created during this period, according to EPFO and NPS numbers.
The central board of EPFO has decided 8.5% interest rate for FY 21.
EPFO should constantly strive to bring in more changes so that unclaimed money lying with EPFO also comes down.