Post by: Rita Seal in Government Initiatives
Reduced Rate Of EPF Contribution & Impact On Stakeholders The cash flow crunch due to the imposition of the Covid -19 national lockdown across the nation has drove the Indian Government to announce the Atmanirbhar Bharat Stimulus Package that also…
Post by: Sinduja Shankar in HR Regulations
Provident Fund for the Unorganized Workers State Assisted Scheme of Provident Fund for the Unorganized Workers (SASPFUW) is an initiative launched by the Government of West Bengal under the Labour Department to provide a scope of Provident Fund to the…
Post by: Arnold Thomas in HR Regulations Insurance
Atal Beemit Vyakti Kalyan Yojana Atal Beemit Vyakti Kalyan Yojana is a new scheme introduced by ESI Corporation which came into effect from 16th December 2018. This scheme is mainly introduced to provide social safety net to the persons who…
Post by: Chris John in HR Regulations
Voluntary Provident Fund Employee Provident Fund (EPF) offers you the luxury of saving your hard-earned money for the future with ease. Every month, a certain amount would get deducted from your income and deposited in your EPF account. However, consider…
Post by: Bennisha in HR Regulations
Income Tax on PPF Account Public Provident Fund (PPF) Account is a long-term debt scheme, established by the Indian Government for which regular interest is paid. Any Indian can invest in this scheme and can earn a sufficient tax-free return on…
Post by: Bennisha in HR Regulations
Tax on PF Withdrawal PF withdrawal can be taxed under certain circumstances and at the same time, it can be exempted under certain circumstances. There is no tax levied on the amount that is deposited and withdrawn from the Provident Fund account.…
Post by: Renu Suresh in HR Regulations
Employees Deposit Linked Insurance Scheme (EDLI) The Employees Deposit Linked Insurance Scheme (EDLI) scheme was enacted as a part of the benevolent social legislation passed by the Government of India in the year 1976. The EDLI scheme is an insurance…
Post by: Sreeram Viswanath in Government Initiatives Income Tax
Exemptions on Retirement Benefits The Income-tax Department allows certain exemptions on the taxability of benefits which are provided to an employee after retirement. In this article, we discuss the exemptions provided to a retired employee under Section 10 of the…
