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Budget 2016: PPF stays on exemption list, only EPF interest to attract tax

Hasmukh Adhia said the Budget 2016 proposal to tax 60 per cent of EPF withdrawal will affect less than one-fifth of employees with high salaries.

Budget 2016: NPS, EPF now on same footing, says Dhirendra Kumar, CEO, Value Research

The Budget removed exemptions, which will mostly increase tax for larger companies, and made the beginning for reducing taxation for smallear companies and startups.

How to calculate Employees' Provident Fund balance and interest

To calculate the Employees' Provident Fund interest, one must first calculate his contribution and his employer's contribution to the fund.

Indian Technomac director held in Rs 6,000 crore fraud case

The financial fraud, one of the biggest in the state as per records, was being investigated by the different departments of Himachal Pradesh for the past over four years.

Government's move on provident fund evokes mixed feelings across sectors

While many HR heads across sectors are saying it will act as an incentive for them to create more jobs in the formal sector, others say they are not very sure this move will lead to greater job creation.

Enroll construction workers under EPF, MP Act: EPFO to regional PF offices

“It is informed that the matter is being monitored at the highest level in government and this is an area flagged as of utmost concern,” letter issued by EPFO on Wednesday said.

Family finance: Neogi can achieve goals despite heavy skew towards debt investments

Neogi’s goals include building an emergency corpus, buying a house, taking a vacation every year, saving for his child’s education and wedding, and retirement

EPFO panel suggests investment in ETFs for 5-10 years for better returns

The report of the panel set up by the Employees Provident Fund Organisation (EPFO) was listed on the agenda of its advisory body Finance and Investment Committee (FIC) meeting held on September 19, 2018.

Why Modi govt's claims on jobs are just fake news

Fake news has been matched by fake interpretation of numbers by both the prime minister and finance minister who have cited increased EPF registrations as evidence of job creation.

How to transfer your PF money online: Here's a step-by-step guide

A not-so-good hike may prompt you to look for greener pastures elsewhere. When you move to another company, you'll need to transfer your EPF as well.

Family finance: Why Mahesh needs to sell his property to buy a constructed house

Mahesh will have to put off his goals of buying a car in one year and taking a vacation worth Rs 5 lakh in two years due to lack of surplus.

NHAI borrows Rs 5,000 crore from EPFO for Bharatmala

The latest offered rate to the EPFO is still considered reasonable, given the quality of securities. NHAI bonds are perceived to be quasi-sovereign.

Family Finance: Why Virmani needs to restructure insurance portfolio

Preeti Virmani wants to save for her higher education and retirement. Her other goals include building an emergency corpus, buying a car and taking a vacation.

Family finance: Early planning, high surplus to help Gawades meet goals easily

Pune-based Gawades has to plan for his goals like building an emergency fund, taking a vacation, saving for his future child’s education and wedding, and his retirement.

5 calculators that can make financial planning easy

If you are avoiding financial planning due to complicated calculations, here are the formulae and calculators that will ease your task.

EPFO to go paperless, all services a click away by August 2018

The online facility would help the EPFO do away with the public interface for reducing chances of corruption and public harassment.

Over 8 crore EPFO accounts have no birth date, 11 crore missing father's name

According to the statement, the Employees' Provident Fund Organisation (EPFO) has 8,38,04,469 subscriber accounts where there is no date of birth record.

Pensioners demand higher monthly payout of Rs 7,500

The amount under the scheme, run by the Employees' Provident Fund Organisation (EPFO), is Rs 1,000 at present.

Family Finance: Why salaried Bhallas will have to reduce debt and put off some goals

Their goals include saving for emergencies, twins’ education, buying another house and a car, taking a vacation, and retirement.

Private PF trusts can't invest funds in own entities: EPFO

It said the Board of Trustees of these EPF trusts, while investing the provident fund remittances, shall adhere to the said norms.

EPFO may lower interest rate for 2017-18

The Employees' Provident Fund Organisation (EPFO) is likely to cut interest rate on the grounds that it is directly crediting exchange trade funds (ETF) units.

EPFO prepares to accept more requests for pension hike after SC ruling

Following the SC order, it is expected that more employees will approach EPFO to retrospectively enhance their contribution to get a hike in their pension.

Will workers of exempted Cos get higher pension option? EPFO asks SC to decide

EPFO issued an internal circular today stating that they have filed a transfer petition in the apex court to transfer all the writ petitions filed in courts to the SC.

Time for EPFO to shift to NAV based accounting

The best time to convert to NAV-based scheme is now. On a conservative estimate, the unrealised gains must be in the range of 20- 30%. And if shifted to NAV-based system, the holding value of EPFO should jump up by 20%- 30%.

Firms with 10 or more employees may come under EPF Act

All those firms employing 20 or more workers are covered by the retirement fund body EPFO for providing social security net.

Rushing to make last-minute tax-saving investments? Maybe you don't need to

Here are a few expenses that come with tax advantages and will help you neutralise your tax outgo for the current financial year.

Have you reached your retirement savings target?

Someone who begins savings for retirement at 25 should have saved more than 10 times his annual income by the time he stops working at 60.

Six investment options for your post- retirement needs

Here is a look at six commonly used retirement focussed investment products to help you sail through the non-earning period of life.

Seven tax-saving investments for the risk averse

Here are seven fixed-income, tax-saving avenues for someone who does not want to take much risk with their investment and want just assured returns.

Jobless for over 2 months? Get your full EPF out till April 30 else wait till you turn 58

Hitherto, a member of EPFO could withdraw 100% of the accumulated corpus if unemployed for a period of 2 months or more.

8 financial tasks you should do in the next 30 days

From booking profits for the current FY to making tax-related investments, the list covers the important financial tasks you need to get done.

EPFO likely to announce PF rate for FY18 next month

The EPFO had lowered the rate of return for its over 4.5 crore subscribers to 8.65 per cent for 2016-17, from 8.8 per cent in 2015-16.

Government retains General Provident Fund interest rate at 7.8% for Oct-Dec

The rate is in line with that for Public Provident Fund. In July-September quarter too, the interest rate was 7.8 per cent.

Family Finance: Why the Sharmas will have to put several financial goals on hold

Pawan Sharma's goals include building an emergency corpus, saving for children’s education and weddings, buying a car and a house, taking a vacation, and retirement.

EPFO directs field offices to settle pension on retirement day: Bandaru Dattatreya

In June 2014, the government had decided to give pension payment order to an employee on the day of retirement itself with the aim to ensure a life of dignity for pensioners.

Should the EPFO reveal its investment portfolio? Here are 3 expert views

ET Wealth asks three experts if the EPFO should revamp its investment disclosure norms and declare details of its portfolio on a regular basis.

Unclaimed shares, insurance, deposits: How to find and get your dues back

Crores of rupees are lying with banks, and other organisations. Here’s how you can get back your money.

EPF grievance management: All you need to know

Grievance or complaint with respect to employee's provident fund such as provident fund contribution, withdrawal or transfer can be initiated with the help of this system.

Budget 2016: 60% of withdrawal from EPF built via employee contributions after 1st April 2016 made taxable

Prima facie, the Budget 2016 has proposed making 60% of employee contribution EPF corpus taxable for contributions after 1.4.2016.

'Indian EPF compliance just 8% of workforce'

The employees provident fund compliance level in India is poor with just eight per cent of the 42 crore total workforce of the country being under it.

Worried about falling FD rates? Here are 8 good fixed income options to consider

While it is better to have liquidity, it cuts both ways. Some long-term products like EPF are made deliberately less liquid to control the urge to spend.

Family Finance: Why Pune-based Singhs need to put off some goals

Singh couple's cash flow is currently in the negative, but the financial planning team of Fincart has suggested ways in which this can be rectified.

How inflation can eat into your retirement corpus

When saving for retirement, don’t forget to factor in a moderate rate of inflation or else the corpus accumulated would be too low to meet expenses.

Family Finance: Guptas need to secure their risks on priority to meet goals

Financial Planner Pankaaj Maalde suggests that the salaried couple first set up a contingency fund.

Half of EPFO board likely to be replaced

The EPFO has over 50 million subscribers and all its decisions, including the annual rate of interest on provident fund savings, has to be approved by the CBT.

EPFO may reduce PF contributions to 10%

Presently, employees and employers contribute 12% of basic wages each towards PF, pension scheme and Employee Deposit Linked Insurance Scheme.

Family Finance: Increasing equity exposure can help Chakrabortys meet goals

After considering household expenses of Rs 44,833, insurance premium of Rs 15,846 loan EMI and investments, Chakrabortys are left with a surplus of Rs 13,943.

Govt considering further hike in EPF interest rate: Minister

A proposal to revise the interest rate of Employees Provident Fund (EPF) by .25 per cent is under the consideration of the government.

Family Finance: Why salaried Sabharwals can achieve their financial goals easily

Ashish and Aanchal Sabharwal goals include building an emergency corpus, buying a house and a car, saving for the child’s education and wedding, and their retirement.

EPFO to inform members about contributions not deposited by employer

Subscribers would be intimated by way of SMS or email if contributions are not deposited by their employers, the EPFO said in a statement.

Family Finance: Why salaried Patil will be able to achieve his goals easily

Ramdas Patil goals include building an emergency corpus, buying a house, saving for his child's education, and his retirement.

Family Finance: How Joshi can meet goals despite limited surplus

An early start and limited surplus means that Joshi must invest for goals in line with the rise in his income.

Double benefit: Here are 6 tax saving investments with tax-exempt returns

Here are 6 tax savers that will not only help you save tax but also help you earn tax-free income.

Family Finance: Why Das needs to include equity in his portfolio

Looking for a professional to analyse your investment portfolio? Write to us and we will offer objective advice on where and how much you need to invest.

Hoping for higher pension from EPFO after SC judgement? Uncertainty prevails

The sources said that EPFO is only considering 'reclassifying' the EPS accounts, and that too only for those pensioners who retired before 2014.

Why mutual funds are still the best option for debt investors

Despite falling returns, MFs continue to be among the best fixed income products. Here is why.

Amendments to EPF, Child Labour Acts may be tabled next month: Bandaru Dattatreya

The proposed amendments to Child Labour (Prohibition and Regulation Act) would be discussed with the inter-ministerial group, said Dattatreya.

EPFO may allow tweak in equity investments

Risk-averse EPFO subscribers may also get the option to reduce their equity contribution under the plans being considered, said a govt official.

Should I stop VPF and invest in mutual funds?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Family Finance: Salaried Niyogis can achieve financial goals by staggering them

Since the Gurgaon-based, Arghya and Swati Niyogi's goals include building an emergency corpus, buying a house and saving for retirement.

Budget 2018: Why government may make NPS corpus tax free

Currently, NPS enjoys partial tax exemption on the maturity amount while the annuities remains fully taxable in the year of receipt.

CAG flags lower administrative charges collection by EPFO

The under-realisation was detected after test checking of records at the eight EPFO regional offices during January 2015 to March 2017 period.

Budget 2015: Workers may get to opt between EPF & NPS; ESI & health insurance

The proposal to provide these options to organised sector workers was announced today by the FM Arun Jaitley in his Budget speech for 2015-16.

Government plans to pay companies’ share of ESI for new recruits

ESIC provides for medical care and cash benefits in the contingencies of sickness, maternity, disablement and death due to employment injury to all workers under the ESIC Act.

Family Finance: Why Ryalis will be able to meet their financial goals

B.B. Ryali's goals include building an emergency corpus, taking a vacation, buying a house, saving for his kids’ education and wedding, and retirement.

Central govt staff can now save tax via NPS with only 3-year lock-in

The Finance Ministry announced that contribution made by the central government employees under the Tier-II of NPS will now be eligible for deduction under section 80C.

DIY investing is not everybody’s cup of tea: View

Almost anybody can invest on their own because technology has simplified investing but this does not mean that everybody should become a DIY investor.

Where should I invest for my retirement?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Row as EPFO denies higher pension to all

After the SC order, the EPFO agreed to give pension on full salary to all the members. But later, it decided to give benefit to Un-Exempt Organisations only.

Should I stop my VPF and invest in mutual funds?

If you have any mutual fund queries, message on ET Mutual Funds on Facebook. We will get it answered by our panel of experts.

Tax saving: Here are Dhirendra Kumar’s 4 favourite ELSS funds

Once investors are forced to get stuck for three years, it normally ends up being well, says Kumar

Aadhaar not mandatory, but it can make your financial life easier

If you want to invest in mutual funds online, Aadhaar-based KYC process is much easier compared to a process that asked for scanned copies of documents.

No documentary proof for GPF advance, withdrawal

The government has with effect from March 7, 2017, liberalised conditions for taking advance from the GPF for education, illness and purchase of consumer durables.

SC ruling on PF could mean windfall gains for some employees: Here's why

In its ruling, the Supreme Court has held that 'allowances', paid by employer to its employees, will be included in the scope of 'basic wages' and hence subject to Provident Fund contributions.

EPFO targets companies giving low PF to international workers

While for Indian citizens, an employer can cap the contribution to PF at Rs 1,800 a month, there is no cap for international workers.

Family Finance: Salaried Kumar needs to hike equity investment to achieve his goals

Bengaluru-based Kumar will need to invest in equity to be able to reach his milestones.

Employers asked to deposit EPF, ESI in workers' accounts

The Haryana Government today directed all employers to ensure regular deposition of Employees' Provident Fund and Employees' State Insurance contribution of the workers in their accounts.

Tax queries: After resignation, interest on PF corpus is taxable

Dilip Lakhani, Senior Chartered Accountant, answers queries from our readers on income tax and other levies.

EPFO services soon at 2 lakh common service centres of IT Department

According to the data available at EPFO website, as many as 2.93 crore UAN's have been activated by subscribers, which are now portable for life.

EPFO asks field staff to settle death claim in 7 days

The processes have been reviewed and instructions issued to field offices to settle death claims within 7 days from the date of receipt of proposal, and retirement claims on the day of retirement.

Should an employee opt for a VPF as returns on other fixed-income instruments fall?

These days, when interest rates in general are on their way down while the rate on EPF is still towering high, employees may consider increasing their VPF contribution.

Family Finance: Mumbai-based Sawant should start early to achieve financial goals

Akshay Sawant's goals include saving for emergencies, his own wedding, a house and a car, his future child’s education and wedding, and retirement.

PF subscribers may get choice of investments for higher returns

The move has been triggered by falling returns on government securities and debt instruments over the last few years compared with higher returns on equity investments.

Family Finance: Increasing equity investments will help Jains meet goals

Jain brings in a monthly income of Rs 1.5 lakh and gets a rent of Rs 9,000 from one of the two houses he owns.

Employers can now submit EPF subscription online

Ending hassles of employers in payment of EPF subscription of employees, the government started an electronic mechanism that promises to bring transparency.

Restrict EPF contribution to basic salary, says FICCI President

The reported proposal to re-notify the definition of 'basic wages'is fraught with huge financial implications both for industry and government.

Family Finance: Why this salaried couple is on track to achieving all their goals

Despite the long list of financial goals such as saving for their kids’ higher education, the Delhi based couple is on track to achieving all with ease.

7 retirement saving mistakes that young earners make

All they have to do is avoid these simple yet costly mistakes so that they can reap the benefits by the time they retire.

Family Finance: Here is why Pune-based Sambhus are on track to achieve their goals

Pune-based Himanshu and Monika Sambhus' goals include saving for emergencies, child’s higher education and wedding, and retirement.

EPS scheme to be revamped; medical scheme for pensioners to be formulated: Government

Dattatreya also informed the House that in association with ESIC, the govt is going to formulate a medical benefit scheme for all pensioners who are members of EPF.

Contractual workers of ECHS to be brought under EPFO net

"Ministry of Defence has issued necessary directions to the ECHS for enrolling their contractual staff," it added.

EPFO reduces claim settlement period to 10 days

In July 2015, the EPFO had reduced the timeline for settling various claims to 20 day to improve the service delivery for its over four crore subscribers.

EPFO to receive your PF contributions only if UAN is linked to current employer

From December 20, 2016, EPFO is introducing a new version of Electronic Challan cum Return to provide a unified platform for various EPF services.

Family Finance: Delhi-based Sapras need to increase equity investment to meet goals

The Sapra's goals include saving for emergencies, future child’s education and wedding, retirement and vacation.

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