Post by: poonamgandhi in Income Tax Legal News
Taxability of income from the Provident Fund contribution Till now, the provisions of sections 10(11) and 10(12) of the Income Tax Act exempted income received from Provident Fund. However, the amendment introduced in the Finance Act, 2021 came up with…
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: IndiaFilings in HR Regulations
EPFO E Sewa An E-Sewa portal is a one-stop solution for accessing the EPF requests without physically visiting the EPFO office. This portal helps employees to claim for their provident fund, check the status of the claim that was processed,…
Post by: IndiaFilings in HR Regulations
PF Form 10C - Withdrawal Form Form 10C of under the Employees Pension Scheme is used for claiming withdrawal benefits. Form 10C can be used by a member of the Employees Pension Scheme or his/her family member in certain cases.…
Post by: Sreeram Viswanath in HR Regulations
Annual PF Return Filing - Form 3A & Form 6A Provident fund is a social security system that was introduced for the purpose of financially securing the retirement years of an employee. PF registration is applicable for employers in India…
Post by: IndiaFilings in Compliance
CARO (Companies Auditor Report Order) CARO 2016 requires that the auditor’s report of specified companies should include a statement on certain prescribed matters as provided under the Companies Act, 2013. These requirements with respect to the Auditor's Report have been…
Post by: Sreeram Viswanath in HR Regulations
Transfer of PF Funds The Government and EPFO has recently introduced various initiatives to streamline and quicken various services associated with the management of PF funds. Prior to the introduction of the Unified Portal, withdrawal and transfer of PF funds…
Post by: Sreeram Viswanath in HR Regulations
Employee Pension Scheme The Employees Pension Scheme (EPS) was brought into force in the year of 1995 to cater to the employees of the organized sector. The scheme is applicable to all employees who are covered under the Employees Provident…
Post by: Sreeram Viswanath in HR Regulations
Monthly PF Return Filing Provident fund is a social security system that was introduced for the purpose of encouraging savings among employees, so as to benefit them during the course of their retirement. Contributions are made by the employer and…