Tag Archives: PF

PF Body May Invest Up To 12% In Equities, Says Minister

Hyderabad: Buoyed by strong stock markets, Labour Minister Bandaru Dattatreya has said the Employees Provident Fund Organisation may invest up to 12 per cent of its investable amount in equities over a period of time. According to the minister, as of June 30, retirement fund body EPFO invested Rs 7,468 crore in two index-linked ETFs (exchange-traded funds) – one to ... Read More »

Universal Account Number Rule Relaxed For PF Settlement: Report

Retirement fund body EPFO had started allotting Universal Account Numbers in July 2014. New Delhi: The Employees’ Provident Fund Organisation (EPFO) has eased the provision that requires furnishing of Universal Account Number (UAN) for settlement of claims like PF withdrawal for all those who left membership before January 1, 2014. Retirement fund body EPFO had made it mandatory to provide ... Read More »

Employer’s Contribution to PF Above Rs 1.5 Lakh To Be Taxed

While the Budget proposal to tax Employee Provident Fund (EPF) withdrawal has stumped the salaried class, two other announcements in the Budget have not attracted much attention so far. The Budget proposes to cap the annual employer contribution to EPF at Rs. 1.5 lakh per year. Currently, there is no monetary limit on the employer contribution under EPF, with only ... Read More »

PF Tax: 25-Year-Old May Have To Pay Rs 56 lakh in Taxes on Retirement

Finance Minister Arun Jaitley’s Budget proposal to tax 60 per cent of Employee Provident Fund withdrawals has come in for huge criticism. EPF, a popular investment instrument for millions of salaried employees, has 3.7 crore subscribers. (Read) The proposal to tax EPF withdrawals, according to the tax bracket of employees, could set back employees by lakhs of rupee, according to ... Read More »