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More relief for tax payers 10 March 2015
Finance Minister Arun Jaitley introduced an additional income tax deduction of Rs. 50,000 for contribution to the New Pension Scheme (NPS) under Section 80CCD. The extra deduction of Rs. 50,000 on NPS can help those in the highest tax bracket...
Keywords: 80CCD, Income tax, provident fund, 80CCD
Read MoreTrade unions call Country-wide strike on Feb. 28 20 February 2012
BMS strongly demanded that workers of all groups, both organised and unorganised, be provided a minimum wage of Rs.10, 000 per month along with all social securities such as provident fund, gratuity, pension, healthcare, and education for children. The day-long...
Keywords: gratuity, provident fund, day-long country-wide strike, healthcare
Read MoreUK dashes hopes of Indian employees 16 April 2012
The Government in UK has dashed the hopes of lakhs of Indian employees-working on a temporary basis in UK-stating that it could not enter into a social security totalization pact. This agreement exempts Indian employees in UK from paying social...
Keywords: provident fund, UK, provident fund, provident fund
Read MoreAadhaar numbers mandatory for salaried employees seeking benefits under the EPF scheme... 24 January 2013
Salaried employees in organised sector will have to provide their Aadhaar numbers for seeking benefits under the EPF scheme being operated by retirement fund body Employees' Provident Fund Organisation (EPFO). Moreover, it will also be mandatory for new members to...
Keywords: converted., Aadhaar numbers, UIDAI, converted.
Read MoreEPFO minimum pension may be Rs 1,000 per month 22 February 2012
According to EPFO data, as of March 31, 2010, there were 35 lakh pensioners subscribed to the retirement fund body, of which 14 lakh persons get a monthly pension of less than Rs 500. Employees' Provident Fund Organisation could take...
Keywords: contribution cards, contribution cards, minimum pension, minimum pension
Read MoreOnline services by AG for employees 08 April 2013
Employees who are on the verge of retirement need not run from pillar to post applying for Provident Fund refund and other applying for pension through physical forms. The process has now gone online wherein employees will not just have...
Keywords: provident fund refund, provident fund refund, pension ag office, ag office hyderabad
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