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FY24 formal job creation to be lower than the previous fiscal’s: EPFO data shows.
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Following the order of the Supreme Court last year paving the way for higher pensions for its subscribers, the Employees' Provident Fund Organisation (EPFO) has decided to establish an actuarial department in-house, The Economic Times has reported.
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October, the month of festivities in large parts of the country, also brought in some happy tidings for employment generation with formal job creation rising 18.2% compared to the same month in 2022, data from the Employees’ Provident Fund Organisation showed.
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Public Provident Fund (PPF) is an investment for a period of 15 years. However, if needed, you can withdraw money from PPF even before maturity. What are the rules for pre-mature withdrawal from PPF?
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Last year's interest has not yet been received in the Employees Provident Fund i.e. PF account. Due to this, crores of account holders are disappointed. Do you know when and how interest is added to PF account?
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Provident Fund is a great option for retirement planning. You can withdraw money from this account to meet unforeseen circumstances . When should you withdraw money from PF, what is the process?
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According to a statement by the Ministry of Labour and Employment on this matter, the gross new enrolments in EPFO in May, 23 stood at around 8.83 lakh, which is the highest during the last 6 months
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Under EDLI, if an employee dies for any reason during his service period, his nominee receives a insurance benefit of up to Rs 7 lakh
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PPF has been the preferred option both for retirement and for investment for children. Apart from all benefits, a cheaper loan can also be raised on the PPF deposit during emergency
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The money withdrawn from PF before completing 5 years of service is added to the annual income. Tax has to be paid on this amount according to your tax slab.