Employee Provident Fund Archives

I want to invest for my child’s future and studies with tax-efficient options falling under EEE and ELSS categories

10 April 2025 by Admin

To secure a bright future for your child, it is essential to make savvy investment decisions that not only enhance their savings but also mitigate tax obligations. Are you aware of any tax-efficient investment options falling under the EEE (Exempt-Exempt-Exempt) structure and equity-linked savings schemes that provide substantial tax advantages? Advice by Niyati Shah, Vertical … Read more

EPFO news: Now, employees can shift their EPF account to their new employer by themselves

18 January 2025 by Admin

The Employees’ Provident Fund Organisation (EPFO) has introduced reforms to streamline the process of online transfer claims in certain cases. The implementation of this change is anticipated to streamline the PF transfer process, minimizing delays and enhancing efficiency. By utilising Aadhaar and maintaining consistent member information, EPFO is striving to offer a seamless transition for … Read more

Income tax return: How tax exemptions are different from tax deductions. Explained

13 June 2024 by Admin

ITR: Filing tax returns is an annual affair. One should know every detail about the components in Form 16 and how one can get the maximum deductions and exemptions before filing the returns. Tax deductions refer to expenses that you can subtract from your total income, thus lowering the amount of income that is subject … Read more

Have you worked with 3 or more employers? Here’s how to merge EPF accounts and withdraw your money

8 December 2023 by Admin

Merging multiple Employees’ Provident Fund (EPF) accounts and withdrawing your money can often feel daunting, given the bureaucratic procedures involved. However, thanks to online advancements, it’s now significantly simpler. Here’s how to consolidate your EPF accounts and claim the funds: Launching the EPFO’s online portal should be your first step. Once there, use your Universal … Read more

Public Provident Fund: Here’s how you can avoid penalties on your PPF account from a bank

7 December 2023 by Admin

The Public Provident Fund (PPF) is one of the most popular investment schemes. The government backs it and offers attractive interest rates along with tax benefits. However, maintaining a PPF account requires compliance with certain norms to avoid penalties. Below are some useful tips on how to avoid penalties on your PPF account. First, to … Read more

Here’s how you can get EPF money in your bank account after leaving a job

7 December 2023 by Admin

The Employee Provident Fund (EPF) is a government-backed scheme that aims to provide social security to salaried individuals after retirement. When changing jobs, you can transfer your EPF from your existing employer to your new one. But, if you want to withdraw your EPF after leaving a job, you must wait for two months to … Read more