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

Central Government revises EPF interest rate, increases it to 8.8%

The Centre rolled back on Friday a decision to lower the interest to 8.7% on the Employees Provident Fund (EPF) and said deposits will earn 8.8% interest for 2015-16 as originally recommended by the Central Board of Trustees, EPFO’s apex decision-making body. The move comes in the wake of a day-long nationwide protest called by […]

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bibleHR

Recovering Pf Dues from Principal Employer: An Expert Opinion

No Liability for Principal Employer to Pay PF Dues of Contractor Engaging contract labour has become a necessity for every employer in order to survive in the competitive scenario. The provident fund authorities insist that principal employer will be liable for EPF contributions for the employees of the contractor. The following articles highlights with judicial […]

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