employees’ provident fund

Money, taxes: UAN activation last date, tax-saving deadline — check March’s financial calendar 

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Money, taxes: UAN activation last date, tax-saving deadline — check March’s financial calendar 

As March 2025 approaches, significant financial deadlines demand the attention of investors and taxpayers alike. Among these, the Employees’ Provident Fund Organisation (EPFO) has granted an extension for activating the Universal Account Number (UAN) and seeding Aadhaar with bank accounts until 15th March 2025.  This extension, crucial for accessing benefits under the Employee-Linked Incentive (ELI) … Read more

Budget 2025: EPF, NPS game-changers for salaried taxpayers to save extra taxes

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Budget 2025: EPF, NPS game-changers for salaried taxpayers to save extra taxes

Tax savings tools: Finance Minister Nirmala Sitharaman announced several changes that brought cheer to the middle class. From raising the limit of rebate from Rs 7 lakh to Rs 12 lakh under the New Tax Regime (NTR), FM Sitharaman tweaked the tax slabs in a manner that would benefit taxpayers in higher salary brackets as … Read more

EPF interest will be paid till the settlement date. Here’s what it means

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EPF interest will be paid till the settlement date. Here’s what it means

EPF interest new rules: The Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation (EPFO) has approved a revision to the rules governing interest payments within the EPF scheme. The board unanimously resolved to modify the interest payment date to align it with the date of settlement. This decision was reached during the 236th … Read more

Employees’ Provident Fund: A look at withdrawal, taxation, TDS applicable on EPF

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Employees’ Provident Fund: A look at withdrawal, taxation, TDS applicable on EPF

EPF account: Understanding the tax regulations concerning the Employees’ Provident Fund (EPF) can be challenging due to their complexity. It is crucial to have a grasp of these rules to effectively manage your savings and retirement planning.  It is important to comprehend the tax implications of EPF withdrawals to prevent any unforeseen tax liabilities. Withdrawals … Read more

Save 100% tax: Here is how you can pay zero tax on annual salary up to Rs 15 lakh

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Save 100% tax: Here is how you can pay zero tax on annual salary up to Rs 15 lakh

The common perception is that individuals earning up to Rs 15 lakh annually cannot completely save on taxes. However, if planned wisely, one can pay zero tax even with a yearly income of Rs 15 lakh. In this article, we look at how to achieve that. Firstly, by utilising the basic exemption limit offered by … Read more

How investments in EPF scheme can help you save on tax

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How investments in EPF scheme can help you save on tax

The Employees Provident Fund (EPF) investment is a retirement savings scheme. However, its contributions offer several tax benefits, making it an effective tool for saving on taxes. Contributing a portion of your salary to the EPF account every month allows you to enjoy multiple tax benefits and ensure a financially secure future. Investing in EPF … Read more

Opting for Old Tax Regime? Section 80C, other sections that can fetch you exemption

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Opting for Old Tax Regime? Section 80C, other sections that can fetch you exemption

It is the start of the new financial year from April 1. Since last year, it is mandatory to choose the appropriate tax regime that suits a particular investor. Most taxpayers, especially those with high income or those having several tax-saving investments, prefer the Old Tax Regime.  Should you have chosen to adhere to the … Read more

Investment proof submission: Section 80C and other sections that can fetch you exemption under Old Tax Regime

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Investment proof submission: Section 80C and other sections that can fetch you exemption under Old Tax Regime

It is that time of the year when you will be asked to submit investment proof so that your workplace can deduct tax before the end of the fiscal on March 31, 2024. On one hand, the Income Tax department deducts tax, but at the same time, it promotes savings and investments among taxpayers. It … Read more