Simple EPF balance (PF balance) calculator

This is a basic EPF balance (PF balance) calculator which will answer your question - "How much EPF amount (including interest) will I get if I withdraw my EPF now?" This calculator will work in the case when both Employee and Employer Contribution remain fixed throughout the period of employment (i.e. not a percentage of basic salary). Please note that in this basic EPF calculator it has been ...

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Employee Provident Fund (EPF/PF)

Being a salaried employee, Employee Provident Fund (EPF) is an integral part of our lives. And why not, a part of our salary is deposited every month to the Employees Provident Fund Organisation (EPFO) so that we have access to a decent amount at the time of retirement. Despite being such an important investment tool, there are many facts and processes about EPF on which not much clarity is there...

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Income Tax Rates

Time of the year again when we have to file our income tax. E-filing at IncomeTaxIndiaEfiling is made mandatory for people with annual income above Rs 5 lakh. The last date for filing of individual income tax return this time is 31st July 2014. The first question that comes to mind when we think of filing income tax is - what are ...

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Book Review - Gandhi Before India

Some time back I happened to watch Richard Attenborough's movie "Gandhi" (9 Oscars and a box office hit). After watching the movie I wanted to know more about Gandhi. I had read his autobiography "My Experiments With Truth" but it did not cover much of the small events and circumstances that would have shaped his personality.

So when I heard of this book "Gandhi Before India" by Ramachandra Guha...

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Book Review - The Four Agreements

Last week, I had the spiritual bug biting me so I decided to search for some good wisdom/spiritual book on internet. After reading reviews of many such books, I zeroed in to this book - "The Four Agreements (Toltec Wisdom Book)".

It is a small book imparting sane advice on personal freedom. The book is written in a lucid style and I could read it in one go. Though some of the things I had read ...

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Getting A Safe Deposit Locker in SBI

For quite sometime I was thinking of getting a safe deposit locker but somehow it kept on slipping down the priority list. I thought it will be better to get one in a public bank as fees would be low comparative to private banks. But there were no availabilities in the banks where I tried. So when a new branch of SBI got opened near my house, I grabbed the chance and went there to ask the ...

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Voter Turnout in Bangalore 2014 Loksabbha Elections - Myths and Realties

Its everywhere. The perception of low voter turnout in Urban Bangalore. Newspaper and television reports say that low voter turnout has shamed the IT city and that middle/educated class is primarily responsible for it. Read. But most of these reports don't delve in details and hence ...

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Understanding Form 15G/H & Submitting Form Online

If your FDs in a particular bank are earning interests exceeding Rs 10000/- in a year, that bank will cut TDS(Tax deducted at source) @ 10% on the interest amount. Now if your total income is below 2 Lakhs (basic exemption limit currently), you are not liable to pay any taxes and hence you need to tell the bank not to cut TDS on FD interest. Form 15G/H is the way to tell this to your bank. If you ...

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Voluntary Contribution to EPF - A good tax saving tool

It is a common knowledge that a salaried employee has to contribute 12% of his basic salary towards EPF. But do you know that you can opt to contribute more than the mandatory 12% ? I did not know this until recently and when I researched about it, I found it to be a good tax saving tool for risk-averse-me. Lets discuss the details.

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Is your company depositing your EPF every month? Find it out online

While reading on net I came to know that there have been some cases where the employer has deducted the EPF (Provident Fund / PF) money from employee's salary and then did not deposit that money to EPFO.

If you want to be sure that your EPF contribution has been deposited to EPFO (Employee Provident Fund Office), here are some of the ways to check it online -

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