Simplifying Taxation in India
Provisions related to TDS on withdrawal from Employees Provident Fund Scheme, 1952(FORM No. 19)No TDS in respect of the following cases:- Transfer of PF from one account to another PF account. Termination of service due to Ill health of member /discontinuation of Business by employer/completion of project/othercause beyond the control of member. If employee … Read more
Document Required for Provided Fund Registration – Memorandum & Articles of Association/ Trust Deed – [For Companies/ Trust]– Incorporation Certificate – [For Companies]– Partnership Deed – [For Partnership Firm]– Certificate under Bombay Shop & Establishment Act, 1948– 1st Bill or Invoice of Sale or Purchase or Opening Ceremony Card – PAN Card– Premises Ownership Agreement/ … Read more
The wait is going to be over! EPF withdrawal would be online soon! The news agency PTI reported that the online facility would be launched within 3 months. The EPFO is working on this next big thing after the online PF transfer facility. This facility will help you a lot.Problem Of PF Withdrawal EPF withdrawal … Read more
MEBUDGET-15 SALARY ITAX ITR-14-15 DEDUCTIONS TDS HOW TO PAN SERVICE TAX CHALLAN HPCG EXCEL TALLYReduction of Administrative Charges of EPF from 1.10% to 0.85 % 01.01.2015.on Wednesday, March 25, 2015Recently The Ministry of Labour and employment government of India has issued notification to revise the rate of administrative charges under the EPFS. The changes are … Read more
One need to deposit the money in the accounts of ESIC and PF every month. In a firm where the ESIC and PF are on, it is must to deposit the money on time because in ESIC, the interest and penalty rate is very much high. So there is a complete list to when and where … Read more
The Union Finance Minister Shri Arun Jaitley has announced that with respect to Employees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of monthly income, contribution to EPF should be optional, without affecting … Read more
The Employees’ Provident Fund Organisation has launched a facility for online verification of status of the claim under the EPF. Please click on the following link to find the status of your claim submitted in any of the EPFO Office. Click Here for the status of EPF (Employee Provident Fund)The user needs to select his … Read more
Income earned by an individual can be broadly classified under 5 distinct heads and taxed according to the Income tax rules governing them. The 5 heads of income are: Salary IncomeIncome from house propertyBusiness or Professional IncomeCapital GainsOther Income We shall discuss in detail the first head of income namely Salary Income and how is tax calculated … Read more
Public Provident Fund Scheme – PPF Benefits and Rules What is PPF or Public Provident Fund Scheme ? The full form of PPF is Public Provident Fund Scheme. It is a scheme of the Central Government, framed under the PPF Act of 1968. Thus we can say PPF is a government backed, long … Read more
Latest EPF Challan in Excel file Download while using this software Keep following points in MindGo through the “ReadMe1st” sheetDo not leave blank cells between Cells “A” to “J”. 2. Do not use special characters in the Member & Father/Husband’s Names field.Fill details of Date of Joining and Date of Leaving of those members who … Read more