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Source: Live Mint Union Labour Minister Mansukh Mandaviya said on Tuesday that subscribers of the Employees’ Provident Fund Organisation (EPFO), the government-run retirement savings manager, can now withdraw up to ₹1 lakh at once from their accounts for personal financial needs, an increase from the previous limit of ₹50,000, according to report by Hindustan Times….
Source: Live Mint “This tax is as high as 35%, the same as what people earning above ₹1 crore pay,” said Harsh Roongta, founder of Fee Only Investment Advisers. How so? That’s because of compulsory contributions to state insurance schemes and pension funds that are “akin to a tax” because of the difficulty in accessing…
Source: Business Standard 3 min read Last Updated : Sep 13 2024 | 2:14 PM IST The Employees’ Provident Fund Organisation (EPFO) has set up a process to make corrections in Universal Account Number (UAN) profiles, aiming to make employee records accurate and prevent fraud. Here’s an overview of what corrections can be made…
Source: Live Mint The central government on Wednesday, September 4, approved a proposal for a Centralised Pension Payment System (CPPS) for the Employees Pension Scheme (EPS), 1995. The move is expected to benefit more than 78 lakh people. The Centralised Pension Payment System will be an important shift by establishing a national-level centralised system that…
