EPF

VPF is better than the PPF: KK Jalan, Central Provident Fund Commissioner

The allotment of UANs to EPF subscribers will obviate the need for transferring the balance. UANs have been allotted to 4.17 crore contributors.

Economic Survey 2016 looks at ways to create "good safe productive well-paying" jobs

t may be noted that of the 10.5 million new jobs created between 1989 and 2010, only 3.7 million-about 35 percent – were in the formal sector.

Time has come to treat all pension products equally

Investors are confused now because there is no taxation parity between competing pension products

Investment strategy for a newly married man

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

Finance Ministry ups GPF interest rate to 8.6%; move likely to boost EPF rate next year

A similar rate hike has also been effected in SDS where nong overnment retirement funds have invested over Rs1,10,000 crore.

Wealth Management startup Mymoneysage to nudge your investing behavior

Since personal finance is more personal than its finance, handling one's own finance is a tricky affair says Kishorkumar Balpalli founder & CEO of Mymoneysag...

Family Finances: Linking goals to investment to help 24-year-old Teja achieve objectives easily

Clarity about goals and linking these to investment will help Dharma Teja reach these with ease.

EPFO upgrades district offices to special units in North East

"With this EPFO has taken the first step toward knocking at the doorsteps of its members in the North Eastern states," the Labour Ministry said.

Rs 27,000 crore lying unclaimed in employee provident fund: Government

"A sum of RS 27,000 crore is lying as unclaimed amount in the EPF. My ministry is contemplating schemes (for its utilisation)," Dattatreya said.

Labour Ministry asks EPFO, ESIC not to inspect startups for 3 years

There will be a blanket exemption from inspection and filing returns for the first year and would be asked to file an online self declaration form.

EPF may keep 8.5% interest payout for 2010-11

Over 4.5 crore subscribers to the Employees Provident Fund (EPF) are likely to get an interest payout of 8.5% for the sixth year in a row for 2010-11.

Here's why you should not let your Employee Provident Fund lie idle

Inactive PF accounts stop earning interest after three years. You could lose thousands if you don’t transfer the account or withdraw the money.

Family finance: Bengaluru-based Gunasekar needs to his stagger goals and increase equity investment

Bengaluru-based Gunasekar needs to stagger his goals and invest in line with his objectives.

Industries with 10 or more employees to be under EPF

Govt today approved the proposal of bringing industries with ten or more employees under the ambit of Employee's Provident Fund against the earlier limit of twenty or more workers.

Five steps to activate Universal Account Number

Former employer will provide UAN and member ID to the current employer. These details are mandatory for UAN activation.

Plan to bring domestic workers under ESI fold: Bandaru Dattatreya

"Employers need to contribute Rs 200 monthly towards this scheme that will enable medical facilities for domestic workers,” Dattatreya said

Family Finance: Chennai-based Balasubramaniam couple needs to cut expenses to meet financial goals

According to Financial Planner Pankaaj Maalde, it will be difficult for Balasubramaniam to reach his goals unless he decides to curb his household expenses.

Give workers option to choose social security schemes: Economic Survey

The survey also suggested providing the workers a choice between Employees' Provident Fund Organisation (EPFO) and National Pension Scheme (NPS).

For retail investors, equity is still a better bet than fixed income: Dhirendra Kumar

The reasons why investor should be investing in fixed income are primarily two.

Family Finance: Why retiring early is not an option for Bengaluru-based Sood

Sood's goals include building a contingency corpus, buying a car, taking a vacation, saving for the education and weddings of his children, and retirement.

Family Finance: Salaried Umesh should start saving early to achieve his goals with ease

With a low surplus, he has begun investing for his goals which includes saving for emergencies, buying a car and a house, and retirement.

Labour Ministry to push reforms in Monsoon session

The Labour Ministry has sought comments of the Law Ministry on Small Factories (Regulation of Employment and Conditions of Services) Bill,.

TDS on premature Provident Fund withdrawal even for non-taxpayers

To put that in perspective, the annual income threshold above which personal income tax is payable isRs 2.5 lakh or about Rs 21,000 per month.

Panel formed to look into merger of CIL pension fund with EPFO

The state-owned miner’s fund currently manages about Rs 13,000 crore and provides pensions to some 3 lakh retired Coal India employees.

EPF rate may be slashed to 8.25%; single largest rate cut in a decade

About 6 crore employees could get lower returns on their retirement savings this year, with the govt considering a 1.25% reduction in the EPF rate.

EPF Board fails to reach consensus

Labour Minister Oscar Fernandes appealed to the members to reach a consensus on EPF rate.

Aadhaar made mandatory for receiving benefits under EPS

To avail pension and other benefits under the Employees Pension Scheme, 1995, one has to furnish the proof of Aadhaar number.

Budget 2018: 10 personal finance highlights not to be missed

What Jaitley giveth, he also taketh away. Today's budget gives the salaried Rs 40K standard deduction, but takes away other allowances like medical.

Family Finances: Increasing equity exposure will make Prasad’s financial journey easier

"I want to know how to streamline my finances so that I can reach my goals.” — Theerta Prasad

Are you making the most of your Employees' Provident Fund?

Though it keeps a low profile, Employees' PF is one of the most effective ways to save for retirement. Find out how you can gain big from it.

Labour ministry to introduce bills in Parliament despite trade unions opposition

Labour ministry wants to exempt factories deploying fewer than 40 workers from complying with 14 central labour laws, including the Industrial Disputes Act.

Why you need to save more for retirement

What's making this worse is longer life spans. In India, life expectancy at the age of 60 is now 17.8 years. In 1990, this was 14.8 years.

EPFO to probe Kingfisher Airlines' PF dues

After Kingfisher Airlines was grounded in 2012, employees had staged a massive protest over the non-payment of PF dues.

PM Modi had no answer to my 'Fair & Lovely' question: Rahul Gandhi

Gandhi upped his 'Fair & Lovely' ante against the Modi govt, saying PM conveniently chose to ignore the black money amnesty scheme in his Parliament speech.

PFRDA mulls various withdrawal options to optimise pension

This may include systematic/phased withdrawal options, under which different combinations of withdrawal packages with/without annuity options can be offered to the subscribers.

BJP to Rahul Gandhi: Pass GST, take credit for it too

"Congress and Rahul Gandhi can take credit for all decisions. He can take credit for the passage of GST and other bills if he lets Parliament function," BJP said.

Current EPF rate not affordable: EPFO

The EPFO said it will be difficult to sustain the current interest rate of 8.5% without government support.

NSC vs 5-year bank FD: Which is a better tax-saving investment?

NSC and tax-saving FDs have certain common features. However, there are certain differences between the two which, give an advantage to NSCs over tax-saving FDs.

Here are the best NPS funds to invest in

Investing in NPS has become easy but it is not easy to track its performance. Before you invest, find out which pension fund has given the best returns.

EPFO trustees may discuss Budget proposals tomorrow

At present, all employees are required to pay 12 per cent of basic wages, including basic salary and DA, as contribution to the PF.

Budget 2015: Major boost for New Pension Scheme

In addition to providing additional Rs 50,000 deduction under section 80CCD, the FM has also allowed employees to choose between EPF or NPS.

How not to finance down payment for buying home

For starters, before you decide on buying a home, make sure you have accumulated enough money to make the down payment to avail the home loan.

Nepal seeks technical cooperation from India for extending PF in the country

Nepal today sought technical cooperation from India for extending Provident Fund in organised and unorganised sectors in that country.

Eco Survey 2016: Need to create more jobs, climb technology ladder for faster growth

The survey called for structural reforms and identifying manufacture of items such as cellphones to help India produce other high-tech products.

EPF refuses to invest funds in debt market

The decision to soften up EPF on the debt market came after CBT flatly rejected the option to invest 5% of its corpus in the capital markets. Resurgence of life insurance

Budget 2015: Government gives option to choose between Employee Provident Fund and National Pension System

Workers earning below a threshold will also have the option of not contributing to the EPF scheme, though employers will continue to contribute their 12% share for such workers.

Govt may ask EPF to invest in private bonds

The government is tentatively exploring the possibility of convincing the Central Board Trustees of the Employees Provident Fund (EPF) to invest in private bonds and equity mutual funds for garnering better returns on investments.

Find out what CTC comprises of

CTC comprises all the expenses that a company spends on its employee. Anything that is an “expense” for a company due to an employee, it would form part of CTC.

Domestic demand will drive the growth in India: Abhijit Bhave, Karvy Private Wealth

“Look at investing in medium-term debt instruments and expect high single digit returns,” says Abhijit Bhave, CEO, Karvy Private Wealth.

Family Finance: Why Shah won't be able to meet goals despite high savings

Given Shah’s surplus and resources, it will be impossible to save for all these goals and Shah will have to put off a few for now.

UIDAI to take help of EPFO to meet enrolment target

A review showed that barely 10% of the EPF members under the universal account number (UAN) programme were seeded with Aadhaar.

Special package for made ups sector to generate 11 lakh jobs

The made ups sector generates employment opportunities for women and in rural areas and the Government has recognised this potential while announcing the measures.

Family Finance: Why Pandas need to increase investment in line with goals

Fincart suggests that Nisith should allocate his stocks and a portion of his mutual fund corpus to achieve his goal without taking a loan.

Cabinet clears easier labour laws, tech upgradation for textiles sector

Interventions are expected to boost employment in textiles & create jobs for 11 lakh persons.

EPF may join bullwagon to realise better returns

The strong performance of the capital market in the past two months is set to figure prominently when the Central Board of Trustees (CBT) meets in November to decide the 2007-08 payout rate.

EPF interest rate stands unchanged at 8.5 per cent

The over 4.5 cr subscribers to EPF will earn an interest payout rate of 8.5% even as banks lower their rate for deposits. Making of Budget: Whys and Wherefores?

EPF interest rate stands unchanged at 8.5 per cent

EPF Board likely to meet next month

The meeting might not be able to recommend any agreed rate at one go since trade unions are likely to demand increase in the rate from 8.5 per cent, paid for the past two successive years.

Higher wage ceiling of Rs 25,000 to add 1 crore workers to EPFO net

"The proposal was deferred due to paucity of time and would be taken up at another meeting being planned for later this month," EPFO trustee D L Sachdev said.

Minimum monthly pension for members of EPF could soon increase to Rs 1,000

Employers contribute 12% of workers' salaries to their EPF accounts, over two-thirds (8.33% of the salary) of which is diverted to a pension scheme.

Family Finance: Patels can reach their goals by increasing SIPs every year

Bhargav Patel’s goals include saving for contingencies, kids’ education and their weddings, retirement, vacation and a house.

Rs 9,723 crore invested in ETFs till October by EPFO

Labour Minister Bandaru Dattatreya said that as a precautionary measure in volatile stock markets, EPFO is investing only in Nifty, Sensex ETFs.

EPFO invests Rs 9,723 crore in equities till Oct

EPFO's investment in ETFs would be increased to 10% from the current level of 5% within the scope of investment pattern notified by the Finance Ministry.

EPFO to invest in equity and related instruments

The new investment pattern, which has been notified by government, would entail an investment of Rs 5,000 crore in the equity market annually.

Demonetisation is a watershed moment in the history of India's economy, says FM Arun Jaitley

Jaitley, in a blog post, said it would not be wrong to say that India has moved on to a much cleaner, transparent financial system post note ban.

International Labour Organisation echoes unions' reservation against labour law amendments

ILO has put its weight behind trade unions in India which hold that certain proposed amendments to labour laws would go against the interest of workers.

Labour Min to trim cos' EPFO coverage threshold to 10 workers

This move will bring over 50 lakh additional formal sector workers under the net of social security schemes run by the EPFO," said a senior official.

Unclaimed Employees Provident Fund Organization: Govt to take a call on funds transfer

The two issues announced in the budget were discussed at a meeting of EPFO's central board of trustees.

EPFO plans hike in benefits under EDLI to 30 times the monthly wage

Improving the attractiveness of the Provident Fund and similar schemes under the law governing them has become a key challenge for the EPFO.

Labour Ministry to notify pattern of EPFO investment in equity soon

The investment pattern for the retirement fund body in this regard is likely to be notified soon by the Labour Ministry.

New PF withdrawal norms put on hold till July 31 after protests

"The notification (tightening PF withdrawal norms) will be kept in abeyance for three months till July 31, 2016. We will discuss this issue with stakeholders," the govt said.

Budget 2015 doesn't have much for individual taxpayers: Expert

Finance Minister Arun Jaitley offered individual tax payers two options in terms of savings - Employee Provident Fund (NPF) and the New Pension Scheme (NPS).

Budget 2015 doesn't have much for individual taxpayers: Experts

The only direct benefit for employees would be an additional Rs 800 they will receive in their monthly salaries.

How to revamp salary package to increase net pay

An easy way to reduce tax liability is to cut basic pay and adjust it as perks. If you have a special allowance component, adjust it as a tax-free component.

TUs to press for 9.5% EPF rate

Even as the Employees Provident Fund Board decided to retain the 8.5% interest rate.

In video: EPF interest rate remains unchanged

Employees Provident Fund Board agreed to continue paying 8.5 per cent interest rate to its nearly four crore subscribers.

Will make full use of Davos platform: PM Narendra Modi

Modi’s speech, among other events, is expected to set the tone of the mega annual event expected to be attended by more than 2,000 rich and powerful people from 190 countries.

Happy that the world considers India a bright spot: PM Narendra Modi

Modi said he was happy the world considered India a bright spot and about the economic development the country has seen.

How you can save tax using ELSS fund under section 80C

Once an investor is KYCcompliant, he can invest in an ELSS scheme just like any other mutual fund scheme.

All you need to know about saving taxes using ELSS

You can save tax by investing upto Rs 1.5 lakh in equity-linked savings scheme (ELSS) under section 80C of the Income Tax Act.

6 tasks to do at the start of FY2016-17

The craziness of March may be over, but investors and taxpayers still have a few more financial tasks to complete.

PF contribution likely to be on 'Contributory Wages'

The Labour Ministry has proposed that contribution by companies towards their workers' EPF schemes would be a portion of "Contributory Wages" which will not include house rent and travel allowances.

Family Finance: High surplus and early planning will help Navi Mumbai couple meet their goals

The combined income of the couple is Rs 2.45 lakh a month and their goals include buying a car, another house, their future child’s education and wedding.

Your retirement might be closer than you think

The overall objective of financial planning is to prepare the client for any of the two possibilities; of passing away too early or living too long. This article is going to focus on the latter possibility.

Family Finance: Nilajkars need to speed up their investments to reach financial goals

The Belgaum-based Sunil S. & Kaveri Nilajkar will need to raise the equity exposure in their investments if they want to reach their goals.

Six best investment avenues in the current scenario

There are prospects of less than normal monsoon, markets have gone down. In such a situation, investors tend to get confused about how and where to invest.

EPFO joins CSC network; pensioners can now submit digital life certificates via CSC networking points

The move will also help pensioners living in remote areas who now don't have to travel to the EPF offices or banks to file paper-based life certificate.

EPF Board meets to finalise rate of interest

A special meeting of the EPF Board was held tonight to finalise the rate of interest for 2006-07 and 2007-08 for four crore subscribers.

Family Finance: Starting to save early, high surplus to help Bengaluru-based Kumars meet goals

Here's why salaried Saurav Kumar and Slagha Sreyans, 31, won't face any difficulty in meeting their long list of goals.

EPF interest rate fixed at 8.5% for 2008-09

The decision to retain the rate at 8.5%, third time in a row, comes at at time when the banking regulator is expected to effect a rate cut in the wake of a marked economic downturn.

Most companies don't have proper EPF provisions

Many Indian companies have not made adequate provisions for employee provident fund and pension. Weekly Gainers: BSE (A. B), NSE | Losers: BSE (A. B), NSE

Govt may keep EPF rates at 8.5% for 2008-09

Over four crore subscribers to the Employees Provident Fund will likely get an interest payout of 8.5% for 2008-09.

Family Finance: Pune-based Shendes should link their goals to investments

Pune based Shendes goals include saving for contingencies, child’s education and wedding, buying a house, and retirement.

Provident fund withdrawal allowed for housing, health, child education and marriage

The Labour Ministry on Monday eased the planned restriction on withdrawal of contribution to the employees' provident fund.

Are you computing your asset allocation correctly?

If you're looking to get the best out of your financial plan, you need to take into account all your investments, instead of just one.

Family Finance: Srinivas couple can retire early if they continue investing in line with goals

Financial Planner Pankaaj Maalde suggests Srinivas increase his surplus so that he can invest Rs 26,000 for all his current goals.

Make in India: Labour Ministry to push three bills for Cabinet approval

In a bid to push labour reforms and boost the 'Make in India' programme, Labour Ministry will push three bills for Cabinet approval next week.

Another welcome move on NPS to make it more user-friendly

Private sector NPS subscribers are allowed to select any of these seven asset managers and this move will bring parity for all NPS subscribers.

Family Finances: Noida-based Singhs need to correct the skew in their investment portfolio

Sandeep Singh's financial goals include saving for emergencies, son’s education and wedding, retirement, vacation and a car.