The Finance Act, 2015 inserted a new section 192A related to the payment of the accumulated provident fund balance due to an employee. This will come into effect from 1st June, 2015. According to this, from now onward your EPF withdrawal will attract TDS (Tax Deducted at Source) if the amount of … [Read more...] about EPF Withdrawal Taxation-New TDS (Tax Deducted at Source) Rules
EPF and PPF
Recently, one of my blog readers has found it difficult to transfer his PPF Account from Post Office to his SBI or ICICI Account. Hence, I thought to explain the process of transferring your PPF Account from one post office or Bank to another post office or Bank.What may be the reasons for … [Read more...] about How to transfer PPF Account from Post Office or Bank to another Post Office or Bank?
We all know that we can check our EPF (Employee Provident Fund) balance through online. Later EPFO modified the service to receive balance status to your mobile as SMS. However, for that, you have to login to EPFO site and provide details. Recently EPFO started balance-checking facility of EPF … [Read more...] about Check EPF balance through Missed Call AND SMS Alert
Today (31st March 2015) Finance Ministry announced the interest rates for Post Office Schemes like Public Provident Fund (PPF), National Savings Certificate (NSC), Kisan Vikas Patra (KVP), Senior Citizen Savings Scheme (SCSS), and for Sukanya Samriddhi scheme. These interest rates apply from 1st … [Read more...] about Interest rate of PPF, NSC, KVP, SCSS and Sukanya Samriddhi Scheme for 2015-16
Many of salaried, especially the private sector employees usually change their job frequently. There are instances where employees change jobs within few months too. During such frequent changes, they usually forget either not withdraw or forget it to transfer. Such inoperative accounts now can be … [Read more...] about What is Inoperative EPF Account and how to track it online?
Recently Government launched a girl child scheme called Sukanya Samriddhi Account and I have already written about this in my earlier post. When you compare this scheme with PPF, many features look similar with slight changes. So in this post let us discuss about this (including the tax benefit of … [Read more...] about Difference of Sukanya Samriddhi Account Vs PPF (With Tax Benefits)