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PF contribution News

11 Apr 2022

Linking PF account with PAN can save you from TDS, here’s how

EPFO has created a new tax structure for PF contributions. EPFO norms say that if TDS is less than Rs 5,000, there will be no deductions for Indian residents. If your PAN isn't up to current or linked to your PF account, you'll end up paying double the TDS rate than the usual 10%.

27 Mar 2021

Good news for Sarkari babus! Here’s how new PF rules affect them

The interest on contribution to Provident Fund for up to Rs 5 lakh per annum will be tax-free. Earlier, the limit was Rs 2.5 lakh which was introduced in the Finance Bill proposal. However, finance minister Nirmala Sitharaman doubled the limit where there was no employer contribution.

26 May 2017

EPFO may reduce PF Contributions to 10%

Presently, employees and employers contribute 12 percent of basic wages each towards Employees Provident Fund Scheme (EPF), Employee Pension Scheme (EPS) and Employee Deposit Linked Insurance Scheme (EDLI).

08 Sep 2015

EPFO may allow pledging PF contributions to buy low-cost house

EPFO's trustees will consider a proposal to allow its subscribers to pledge their future PF contribution to buy low cost houses, in a meeting scheduled on September 16.

Labour Ministry

20 May 2015

PF contribution likely to be on 'Contributory Wages'

In a breather to employers, the Labour Ministry has proposed that contribution by companies towards their workers' EPF schemes would be a portion of "Contributory Wages" which will not include house rent and travel allowances.

19 Apr 2015

Workers may get to choose between EPF and NPS for pension

The proposal is part of the bill to make comprehensive amendments to the Employees' Provident Funds and Miscellaneous Provisions Act 1952.

Employees' Provident Fund

13 Mar 2015

Employers, workers may shell out more for EPF contributions

Employers as well as formal sector workers may have to shell out more towards Employees' Provident Fund with the government proposing to include all allowances in the wages for deducting PF contribution.

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