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Understanding Employee Pension Scheme or EPS

As discussed in our article Basics of Employee Provident Fund: EPF, EPS, EDLIS 12% contribution from your side goes to EPF, but the 12% contribution which your employer makes, out of that 8.33% actually goes in EPS (subject to maximum of Rs 541 and after Oct 2014 Rs...

Tax on EPF, VPF Contribution above 2.5 lakhs

From 1st April 2021 the interest on any contribution above Rs.2.5  lakh and Rs 5 lakh based on conditions by an employee to a recognized provident fund is taxable. This means that a person contributing up to Rs 20,833 a month to PF i.e has a basic salary of up to Rs...

New Wage Code: Will Your Salary fall? How it affects EPF, Gratuity

Under the new wage code, effective from 1 Apr 2021, at least 50% of the wage/salary will be basic salary. As we know basic salary impacts EPF and gratuity etc. Currently, most employers have a wage structure in which the basic salary ranges from 25% to 40% of the CTC...

Budget 2021: Tax Slabs 2021, Senior Citizens, EPF

The Union Budget 2021-22 was presented by Finance Minister Nirmala Sitharaman on 1st February 2021. There are no changes in the tax slabs, no Covid Cess was introduced. The Union Budget 2021 cheered Stock Markets as the Sensex jumped over 2,300 points while the Nifty...

EPFO Regional office WhatsApp Number for complaints or query

Now an EPF member can contact EPFO office for questions or complaints on Whatsapp. Whatsapp EPFO number has been released for regional EPF offices. How can one make complaints to EPFO? How to find your Regional EPFO? Regional EPFO WhatsApp number. Complaint to EPFO If...
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