Designed to help salaried individuals build a pension fund, the Employee Provident Fund (EPF) and the Employee Pension Scheme (EPS) have some similarities, as well as some differences. This guide will help you understand … READ FULL STORY
EPFO KYC update is necessary, to make any EPF claims and update EPF nominations. PF account holders with activated UAN can upload and update their EPFO KYC details online. After the KYC update, you … READ FULL STORY
Under the provisions of the EPFO, both, the employer and the employee make contributions to the latter’s PF account – 12% of the employee’s basic salary plus certain allowances. However, the responsibility to deposit … READ FULL STORY
To achieve its objective of ‘Housing for All by2022’, the Central government launched various measures that made home purchases easier, especially for middle-class home buyers. Among these measures was the EPFO Housing Scheme announced … READ FULL STORY
Recently, the Employees Provident Fund (EPF) rules were relaxed to enable members of the Employees’ Provident Fund Organisation (EPFO) to withdraw money from their EPF accounts for home loan to purchase property or for … READ FULL STORY
Income tax laws mandate a minimum holding period, before an owner sells his/her residential house, to avail of tax benefits. Let us analyse the various provisions, under the Income Tax Act, to understand the … READ FULL STORY
A memorandum of understanding (MoU) signed between the Employees’ Provident Fund Organisation (EPFO) and the Housing and Urban Development Corporation (HUDCO), will club the benefits of the housing scheme introduced by the EPFO for … READ FULL STORY
The subscribers of the Employees Provident Fund Organisation (EPFO), will now be able to withdraw up to 90 per cent of their accumulations in their PF account, for purchase of homes. EPFO users can … READ FULL STORY
