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EPF Pandemic Advance Facility To help meet any economic constraints or emergency fund needs during the lockdown to fight COVID-19, EPFO (Employees’ Provident Fund Organisation) has introduced ‘pandemic advance facility’ to employees, wherein members can withdraw up 75 percent of the amount or 3 months’ basic salary and dearness allowance, whichever is less. EPFO has […]
How to generate UAN for old epf account prior 2014 Universal Account Number (UAN) is a 12 digit number which is provided to each member of the Employees’ Provided Fund Organisation (EPFO) through which he can manage his PF accounts. This number is issued by the Ministry of Employment and Labour under the Government of […]
Provident Funds – Types, Tax Benefits Provident Funds is one of the most loosely defined terms used by the taxpayer. At the macro level, except PPF, rest all types of provident funds are perceived as one and the same only. There are no efforts to educate the readers regarding the same. The tax treatment of […]
Latest Amendment to EPS Pension Commutation (or) Lump-sum Part-Withdrawal of EPS Pension Good news for EPF Scheme subscribers! The Central Board of Trustees (CBT) of the Employee Provident Fund has approved a proposal for the restoration of commuted value of the pension to the Pensioners after 15 years of drawing commutation under the EPS 1995 […]
An Employees’ Provident Fund (EPF) subscriber who hasn’t crossed the retirement age (60 years), but is without a job for a month will now be able to withdraw up to 75% of the accumulated EPF deposits without losing EPF membership and associated pensionary benefits. An Employees’ Provident Fund (EPF) subscriber who hasn’t crossed the retirement […]