EPFO currently permits automatic settlement of partial withdrawals up to Rs 1 lakh for housing, education and marriage purposes. (AI image) New Year cheer for Provident Fund subscribers! The Labour and Employment Ministry has established a five-person committee to develop a strategy for expediting auto claim settlements at EPFO whilst eliminating manual processing requirements. This…
Latest NPS rules, news: In the Union Budget 2024 speech, Finance Minister Nirmala Sitharaman announced two new initiatives with regard to National Pension Scheme (NPS) – extension of NPS 14% employer contribution benefits to private setcor and the intended launch of NPS Vatsalya.Budget 2024 announced the hiking of the tax deduction limit on private sector…
Employees’ Provident Fund Tax Benefits: It’s that time of the year when you have to choose between the old and the new income tax regime so that your employer will start cutting TDS from the April salary. When understanding the tax exemptions available under the old tax regime and deciding on tax saving investments, don’t…
