Full withdrawal from the EPF account is allowed if an employee left his/her job and after two months did not join another job. The amount deposited and withdrawn from the Provident Fund account is tax-free. This is due to the fact that Provident Fund accounts fall under the EEE category i.e. Exempt on Investment, Exempted … Read more
When an employee retires, the company pays him a certain sum on a regular basis in recognition of his past service. Pension refers to the periodic payment made by the employer to his employee. With the implementation of the National Pension Scheme(NPS), not only the employer pay pension after retirement, but Pension Scheme can also … Read more
The Employees’ Provident Fund Organization (EPFO) was founded on March 4, 1952. It assists the central government in administering the mandatory contributions to the Provident Fund Scheme, Pension Scheme, and an Insurance Scheme for workers in the organised sector. It is managed by the Ministry of Labour and Employment. Before trying EPFO login, you must … Read more
EPF (Employees’ Provident Fund), also known as PF (Provident Fund), is a mandatory savings and retirement plan for qualifying employees of a company. This fund is meant to be a savings account that workers will tap into when they retire. Employees are required to contribute 12% of their basic salary to the EPF on a … Read more
