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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.

Now EPFO to make all payments to members electronically

It was provided in the schemes run by the EPFO that the body can make payments to its subscribers through various modes like money order, cheques or electronically.

Will ELSS offer better returns than PPF?

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

SUPPLYCO asked to provide EPF benefits to employees

The Regional Provident Fund Commissioner in Kochi has directed the Kerala State Civil Supplies Corporation Limited (SUPPLYCO) to provide Employees Provident Fund benefits to around 3,800 daily waged and contracted employees working at its outlets/depots.

Here are Dhirendra Kumar’s top index fund picks

In India, 80-90% of MFs beat the benchmark, but that may not continue in the future, says Kumar

EPF amendment among four Bills introduced in J-K Assembly

A Bill seeking to enable employees to increase their contribution under EPF scheme to up to 14 per cent of the basic was among the four amendment Bills introduced in the Jammu and Kashmir Assembly today.

Family Finance: Hyderabad-based Kumars have to increase equity investments to reach their financial goals

The Kumars goals include building an emergency corpus, saving for their child’s education and wedding, vacation, another house and retirement.

Employee provident fund may get 8.6% interest in 2016-17

Employees Provident Fund Organisation (EPFO) had provided 8.8% rate of interest on EPF deposits for 2015-16 despite Finance Ministry's ratification for 8.7%

10 funds that saved your tax and gave up to 30% returns last year

ELSS is considered ideal to save taxes up to Rs 1.5 lakh under Section 80C of the Income-Tax Act.

Siddaramaiah offers sop for private sector quota

The government will bear the employer's portion of the EPF and ESI if a company provides jobs to the youth it picks up at the Udyog Mela.

Union Budget 2018: Insta Analysis by 5 Top Brains

Get every macro or micro content decoded by top experts at ETMarkets Insta Analysis.

Centre announces scheme for Northeast India industrialisation

Government will provide necessary allocations for remaining period of scheme after assessment before March 2020.

View: Make it big, Mr Jaitley. India really needs a boost

The fiscal deficit matters because it is a claim on the savings of the non-government sector. But the size of the budget is important too.

Dormant employee provident fund account may earn interest

The age limit for withdrawal on retirement has been increased from 55 years to 58 and only partial early withdrawal is now permitted.

Budget 2018: Why government may increase section 80C limit

Out of the various deductions available under the Act, section 80C is primarily an investment-led tax avenue that helps in reducing one's tax liability.

5 reasons why investors stay away from NPS. But should you?

Tax treatment of the corpus is the basic reason why many investors shy away. Only 40% of the corpus is tax free, compared to 100% in other products.

Now, submit digital life certificate through Jeevan Pramaan Patra by March 31

EPFO will also continue its Employee Enrolment Campaign-2017, started by EPFO on January 1, 2017 to cover left out workers, up to March 31.

Labour ministry to call CBT meet to up equity exposure to 15%

I want to talk to the Central Board of Trustees in about 10-12 days," Labour Minister Bandaru Dattatreya told PTI in an interview.

How to make Rs 1.15 crore for my child's higher education?

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

Open national pension system to EPF members

Incentives can be given directly to the pension fund managers (PFMs) themselves. Ultimately, they are the biggest stakeholders in the whole system.

43 per cent employees in unorganised sector: Government

Labour Minister Bandaru Dattatreya said around 4.7 crore employees were in the construction sector.

Provident Fund interest rate hike pales before double-digit returns from NPS

The average NPS fund has given 100-125 basis points more than what the retirement savings of the estimated 3.7 crore EPF subscribers have earned during this period.

EPFO cuts interest rate to 8.55% for 2017-18 from 8.65% for 2016-17

"This year, we have decided to recommend 8.55% for 2017-18, which will leave a surplus of Rs 586 crore," said Labour Minister Santosh Gangwar.

80% of companies want tax friendly retirement plans: India Retirement Benefits Response Study

While 70 per cent of companies feel that increased employee education is the need of the hour, 59 per cent suggest making access to plans simple and easy.

Budget 2016: Taxing PF withdrawal anti-worker, double taxation, say trade unions

Central trade unions, including the RSS-backed Bharatiya Mazdoor Sangh (BMS), have opposed the Budget proposal to tax EPF.

EPFO aims to cover all workers under PF, pension by 2030

Central Provident Fund Commissioner VP Joy called a meeting of EPF officers Association and All India EPF Staff Federation yesterday to discuss Vision 2030, it added.

Government to soon hold tripartite talks on labour rules

The Labour Ministry is in the process of converting 44 laws into four codes -- Industrial Relations, Wages, Social Security and Safety.

Family Finance: Delhi-based Pandits are on track to reach goals

Gauri & Mukul Pandit, Both 31, Salaried, Delhi, have started early and will not face difficulty in achieving their milestones.

Raise minimum EPF pension to Rs 5,000: Shashi Tharoor

Shashi Tharoor also wanted the Dearness Relief linkage to be provided on the pension as granted to all other pensioners.

Why women need to save more than men for a secure retirement

Being a woman puts you at a disadvantage when building your retirement corpus as you will need to save at least twice as much as a man.

Budget strategy to help achieve redistributive & equitable growth

The Budget’s approach was guided by the government’s “mission to especially strengthen agriculture, rural development, health, education, employment, MSME and infrastructure sectors”.

Allocation for remission of State Levies for export of garments inadequate: SIMA

Atul Ganatra, president, Cotton association of India said that the budget will be good for cotton industry.

How to withdraw PF and EPS money after leaving your job

Find out what all things you need to keep handy before you initiate the withdrawal process - with or without Aadhaar.

With the Union Budget nearing, can we hope for changes that retirement savings need?

NPS was perceived as a pension system by decision makers, and its real purpose a replacement for the government's own legacy pension system.

Before investing for Sec 80C tax break, find out how much you really need to put in

Instead of mindlessly investing in tax saving instruments, it's better to check out what deductions you are eligible for.

Family Finance: Why Bengaluru-based Vijay & Suganya need to put off some of their goals

The goals for the couple includes saving for contingencies, child’s education and wedding, retirement, buying a house and a car.

Government may make it mandatory for companies to route share towards retirement savings into EPS

There was near agreement that this would be a better way to move toward a pensioned society, according to the official, who did not wish to be identified.

Higher life expectancy, shorter work spans mean a longer retirement period: Get financially ready

To avoid running out of money in retirement, let's look at the pitfalls you need to be aware of and the steps you need to take.

PPF interest rate cut to 7.9% but are other investment options better? Here's a comparison

The interest rates of the PPF and other small savings schemes have been cut. Here is a low-down on the other options before investors.

How to make Rs 5 crore 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.

EPFO has invested over Rs 9,000 crore in ETFs

Government had last year notified a new investment pattern for EPFO, allowing the body to invest a minimum of 5-15% of its funds in equity.

Family Finance: Why Delhi-based Pal needs to invest more in equities

Delhi-based Pals need to continue with aggressive investments to be able to achieve all their goals such as kid's education, wedding and so on.

Labour Ministry favours partial withdrawal from EPF

The Finance Ministry had suggested that liberal advances and withdrawal from EPF account should be shunned to achieve old-age income security.

Online petition against retirement tax goes viral

Budget for 2016-17 seeks to impose a retirement tax at the time of final withdrawal on 60 per cent of contributions made after April 1, 2016, to EPF and other schemes.

Inoperative provident fund a/cs to earn interests from April 1

National retirement fund body Employees Provident Fund Organisation has decided to give interests on inoperative PF accounts with effect from April 1.

EPFO to launch system for discouraging premature withdrawals

EPFO plans to launch 'One Employee One EPF Account' system to dissuade premature PF withdrawals and encourage state govts to join its pension system.

Finmin for EPFO's reserve fund to protect interest of workers

The Ministry of Labour had sought Finance Ministry's ratification of rate of interest at 8.8 per cent on the EPF accumulations for 2015-16.

Government rolls back restrictions on withdrawal of provident fund

This is the second major stepback by the government on provident fund in less than two months and comes close on the heels of it withdrawing the budget announcement

Unclaimed Provident Fund cash to fund government scheme? Trade unions slam plan

The EPFO is awaiting a go ahead from the labour ministry to notify the payment of interest on accounts which have been inoperative for the last three years.

Family Finance: Why salaried Densons need to postpone their goals

The Thiruvananthapuram based couple needs to streamline investments in line with goals and secure finances by covering risks.

EPFO defers decision to hike investments in ETFs to 15%

EPFO's trustees today deferred the discussion on the proposal to increase investments in ETFs to 15%, from the current 10% of investible deposits, in 2017-18.

What the payroll numbers really show

As expected, the data in public domain has already drawn keen interest.

Will mutual funds get a pension plan in budget 2018?

Mutual funds have been asking for a pension plan with an exclusive tax deduction for a long time. Some mutual fund players are hopeful that the government may finally allow it in the coming budget.

Government has betrayed solemn assurance: Congress

Surjewala said “demonetisation on the one hand and attack on EPF rate on the other, the government is hurting common man.

Family Finance: Mumbai-based Waghs need to invest more to meet goals

Salaried Deepak & Kavita Wagh, 38 & 30, have goals to save for child’s education, wedding, retirement, buying a house, car, and taking a vacation.

Family Finance: Why Kushvahas need to hike investment, defer some goals

Kushvahas' child's education can be fully funded from a portion of the corpus from mutual funds and no fresh investment will be needed for this.

EPF interest rate for current fiscal not yet decided: Labour minister

Kharge has clarified that a decision on the employee's provident fund interest rate for the current fiscal was yet to be taken and it had not been fixed at 8.6%.

‘Tax parity needed in retirement products'

PFRDA chairman Hemant Contractor believes that tax parity in retirement products is critical if India is to be a pensioned society.

EPF interest rate will be raised to 8.6% this year: Kharge

Interest rate on employees' provident fund will be increased to 8.6 per cent for the current fiscal, a move which will benefit around five crore subscribers.

How EPS amount can be tracked by employees

Most employees either ignore the EPS or are unaware of its working. Read on to find out how it works and how to keep track of your amount.

Family Finance: Why salaried Kumars are on track to reach their financial goals

Couple's goals include saving for emergencies, kids’ education and weddings, a car and another house, and their retirement.

EPFO: CBT rejects proposal to reduce PF contribution to 10%

In the meeting, CBT approved hike in investment limit in exchange traded funds (ETFs) from the present 10 per cent to 15 per cent, Dattatreya said.

No lock-in period for EPF withdrawals: Kharge

Bringing contract workers on a par with regular workers must for both peace & progress, says labour minister.

After year of flip-flops, EPFO buckles up for digital ride

For settling online claims, the subscribers will have to activate their UAN which are seeded with KYC details, including bank accounts, Aadhaar and PAN.

Family Finance: Mumbai-based Tewari will have to stagger his goals in line with available surplus

Mumbai based salaried, Abhishek Tewari, 27, has goals to save for his wedding, taking a vacation, buying a house and saving for retirement.

Who really gains from the proposed increase in tax-free gratuity limit to Rs 20 lakh?

Proposed increase in tax free gratuity limit won't benefit bulk of employees immediately. Here's why.

EPFO introduces common form for different types of withdrawal

For subscribers, who are yet to seed Aadhaar and Bank details with their UAN, the new Composite Claim Form (Non-Aadhar) replaces the existing Forms No 19, 10C & 31.

Amend EPF Act: Allow voluntary migration to NPS

The EPFO's corpus is large enough to be diversified across the risk spectrum to generate high, yet safe returns.

EPF to fetch only 8.25 per cent in 2011-12

The government has cut the interest rate on employees' provident fund (EPF) savings for 2011-12 to 8.25%, ending months of indecision, but leaving nearly 6 crore employees with lower returns on their retirement savings.

EPF rate cut from 9.5% to 8.25% for 2011-12

Govt slashed interest rate on deposits in Employees Provident Fund from 9.5 per cent to 8.25 per cent for 2011-12 affecting over 4.7 crore subscribers.

How Budget 2017 can help promote retirement savings: Experts

Here are suggestions from some experts for Finance Minister Arun Jaitley and his team on how the coming budget can help promote retirement savings.

Family Finance: Aggressive saving, investing to help Delhi-based Asthanas meet goals

The couple has six traditional insurance plans, two term plans and two Ulips. They should close the Ulips and two of the traditional plans.

Family Finance: Salaried Gupta lacks adequate surplus, needs to stagger goals

Looking for a professional to analyse your investment portfolio? Write to us at etwealth@timesgroup.com with ‘Family Finances’ as the subject.

Employees, employers differ on Rs 1,000 pension in EPF scheme

"We have decided to form a committee to suggest modalities for implementing the proposal. The committee will give its report within a month," Mallikarjun Kharge said.

Trade unions expected to raise Budget tax provision at EPFO trustee meet

EPFO trustees' meet later this month is likely to be a stormy affair as trade unions will raise their voice against the Budget proposal of taxing EPF withdrawals.

Family Finance: Why salaried Shirkes should defer buying house for five years

Their goals include building an emergency fund, buying a house, saving for their child’s education and wedding, their own retirement, and an annual vacation.

Family Finance: Early start, disciplined savings to benefit Jadhavs

Pune based Vicky & Sonali Jadhav, 31 & 29, salaried, needs to make fresh investments in equity funds to reach their goals.

These services need to be linked with Aadhaar and here are the deadlines

Deadlines for linking Aadhaar with various services have been extended in the past but do not try your luck too much.

Allow migration from EPF to NPS

EPFO will reportedly again take up issue of investing in equities.

BJP seeks 9.5% int on EPF, says will oppose FM's decision

Accusing the government of being "hell-bent" on reducing the rate of interest on EPF, the BJP today said it will not accept any decision.

EPFO issues guidelines to settle death claims in seven days

CPFC informed the Minister that on Prime Ministers' directions, EPFO has issued detailed guidelines on retirement and death cases.

EPFO to pay 8.8% interest on "inoperative" accounts: Govt to issue notification soon

It is estimated that about Rs 42,000 crore is lying in "inoperative accounts" in which there is no contribution paid during the last 36 months.

Labour unions seek higher returns on SDS for better EPF yield

They would demand re-activation of the SDS, where more than one-fourth of the EPF money is parked, and to increase interest rates on it.

Start these tasks in April to set the right course for the new financial year

To set you on the right course, here is a list of financial tasks you should complete before the end of the April to remain money wise throughout the year.

Chandigarh man behind increase EPF interest hike

Three years of unassailable calculation and sustained efforts of a Chandigarh resident have ensured a 1% increase in the interest rate of employees provident fund, benefiting around five crore people in the country.

Time for a closer look at the black-hole called EPS

The FM proposal to tax EPF corpus or probably the interest portion has raised a huge hue and cry among salaried class of the country.

Budget 2016: A 25-year-old could lose 18% of retirement income

Even those in the middle of their career face the prospects of losing between Rs 10 lakh and Rs 20 lakh (12% to 8%) of their retirement corpus.

Jaitley kicks off pre-budget talks with unions and farmer groups

He said there was need for water conservation, incentivising agro processing and balanced use of fertilisers in order to ensure higher agriculture productivity.

Decision fixing minimum pension to Rs 1,000 for EPF to be considered: Govt

Government said a decision on fixing the minimum pension amount to Rs 1,000 per month for its EPF subscribers will be considered.

Family Finances: Kolkata-based Pandas need to start planning early to meet financial goals

Abinash Panda's financial goals include saving for emergencies, future child’s education and wedding, retirement, and buying a car.

Am I choosing the right mix of 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.

Amend the EPF Act to allow workers to migrate to NPS and earn higher returns

Government should amend the income-tax law to bring the tax treatment on NPS at par with other longterm savings instruments.

Legal action against firms not depositing EPF: Kharge

Legal action will be taken against companies which do not deposit Employment Provident Funds of the employees with the government, Labour Minister Mallikarjuna Kharge said.

Should EPFO hike the exposure to stocks? 4 experts weigh in

The Central Board of Trustees will meet this month to decide on hiking the EPFO’s stock market exposure to 15% of the incremental flow from the current 10% .

EPFO should invest in diverse instruments to minimise risk and maximise returns

The PF corpus, about Rs 10L cr, including exempt trusts, is large enough to be invested across risk classes to minimise risk and maximise returns.

EPF dues have priority over secured creditors’ debt: SC

SC has ruled that from now on, recovery of EPF dues from a company under liquidation would get priority repaying loans.

Labour Ministry mulls pension scheme for high-income EPFO members

The initial idea is to roll out the scheme under the retirement fund body EPFO so as to get exempt-exempt-exempt (EEE) status even for pension fund.

Govt okays salary cap hike for EPF; threshold for savings raised from Rs 6,500 a month to Rs 15,000

The EPFO’s present ceiling for statutory contributions is a mere Rs 6,500 per month – lower than the minimum wage prescribed across the country.

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