What are the new changes in PF?
The Provident Fund (PF) rule is going to change from 1st September 2021. According to the Employees’ Provident Fund Organisation (EPFO), it is mandatory for Employees Provident Fund (EPF) account holders to link their Aadhaar number and PF account by 31st August 2021.
What is Form 12A in PF?
PF Form 12A monthly report that provides the details of the PF Payments made to the respective PF Accounts of the Employees during the given month. Name & Address of the Bank : Name of the bank and address where the PF amount was deposited for the respective month. …
Is PF taxable in new budget?
It was announced in Budget 2021 that interest on Employees’ Provident Fund (EPF) and Voluntary Provident Fund (VPF) contributions above Rs 2.5 lakh in a financial year will be taxable.
Will pensioners get a rise in September 2021?
The other major change that happens is the indexing of pension rates. On 20 September 2021, the maximum rate of Age Pension, Carer Payment and Disability Support Pension increased by $14.80 a fortnight for singles (to $967.50) and $22.40 a fortnight for couples combined (to $1,458.60).
Why is Air India asking employees to move PF accounts to EPFO?
The privatisation-bound national carrier – which incurred significant losses on PF money of its employees due to investments in troubled firm Dewan Housing Finance (DHFL) – has sought employees approval to move their PF accounts to EPFO.
How many new subscribers did EPFO get in September 2019?
The highest addition of net new subscribers under EPFO was in September at 12.16 lakh while the retirement fund body saw a dip in net new enrollments in April and May which were complete two months of lockdown. EPFO will make “every effort” to pay the 8.5\% interest to its subscribers for 2019-20 at one go .
What is the rate of interest charged by EPFO on Provident Fund?
Retirement fund body EPFO credited 8.5 per cent rate of interest on employees’ provident fund (EPF) to its six crore members for financial year 2019-20. For breaking news and live news updates, like us on Facebook or follow us on Twitter and Instagram.
What is the rate of interest on EPF for 2019-20?
Retirement fund body EPFO credited 8.5 per cent rate of interest on employees’ provident fund (EPF) to its six crore members for financial year 2019-20. EPF Latest News: Do you contribute more than Rs 2.5 lakh annually to Employees’ Provident Fund?