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 ...
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...
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 ...
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 ...
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 ...
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.
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 -
Update: Finance Ministry has approved the EPF interest rate of 8.75% for the financial year 2013-14. EPFO has proposed to raise the interest rate on EPF deposits to 8.75% for the financial year 2013-14. The interest rate in the previous financial year was 8.5%. This proposal was made on January 13, 2014 ([related news](http://www.business-standard.com/article/pf/epfo-raises-interest-rate-to-8...
Until recently, I was under the impression that employer contributes an amount equal to the employee's contribution in EPF. That's what most of us think, right? But its not true in every case. It depends on the employee's basic salary and the company's policy on EPF. I have summarized here the different cases and options -
Case 1 : Employee salary (basic + DA) less than ...
Having heard recently of e-Passbook facility of EPF, I decided to track my EPF account online. For those who don't know - e-Passbook has all the EPF transactions recorded month-wise and date-wise to make it easier to track our own EPF account. These transactions include the following -