bibleHR

EPF Withdrawal Tax: Limit Raised to Rs 50,000

Employees Provident Fund Organization– EPFO earlier issued a circular relating to TDS applicability on PF withdrawals (Tax deduction at Source) effective from 1st June, 2015. TDS is applicable on EPF withdrawal where PF Balance is more than Rs 30,000 and the PF member (Employee) has PF service less than 5 years. As per EPFO’s circular, […]

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bibleHR

Maternity leave to be enhanced to 26 weeks

The government is set to enhance maternity benefit to 26 weeks from the current 12 through an executive order, labour and employment minister Bandaru Dattareya said on Thursday, 19th May 2016. “We have a huge task in hand, but we can’t pass Bills without reaching a consensus. However, we have decided to go ahead with […]

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Online-EPF-Transfer

PF Balance Transfer: New Facility User Guide

Many employees forget to transfer the balance from their previous provident fund (PF) accounts when they change jobs. Some of them even withdraw the money from PF account. Since PF is meant for one’s retirement years, financial experts suggest that the accumulated savings should not be withdrawn during one’s working years. To encourage employees consolidate […]

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