UIDAI, the 12-digit Aadhaar issuing authority, provides a number of facilities to empower the government to carry out tasks of the service delivery system efficiently and without much delay. Aadhaar-enabled Payment System is one such system through which bank account holders can withdraw, deposit and transfer funds from their bank accounts with the help of…
Employee Provident Fund is basically a retirement fund managed by the Employees’ Provident Fund Organization (EPFO) under the Employees’ Provident Fund and Misc. Act, 1952. Since the private sector employees do not have a dependable pension offering, PF savings play a crucial role in ensuring social and financial security post-retirement. Generally speaking, you can withdraw…
Note: The information on this page may not be updated. For latest updates, click here. Filing income tax returns (ITRs) is an important step in managing one’s personal finance. One should be vigilant and should not be in a hurry while calculating income tax and filing income tax returns, else one can end up receiving…
In good news for those who had not been able to link their PAN card with Aadhaar, the Central Board of Direct Taxes (CBDT), working under the Central Government has yet again extended the deadline. Taxpayers have now got time till 31st March 2020 to link their PAN cards with Aadhaar. Earlier, the deadline was set…
Employee Provident Fund (EPF) is one of the most popular and trusted scheme for securing a long-term retirement fund. It is managed by Employees’ Provident Fund Organization under the Employees’ Provident Fund and Misc. Provisions Act, 1952. Both the employer as well as the employee contribute to the EPF account and one can withdraw the…
हिन्दी में पढें PAN is required during EPF withdrawal/settlement if you do not want some excess tax to be deducted from your EPF account. If you fail to submit PAN, the tax deducted at source (TDS) can be as high as 34.6%. Is EPF withdrawal taxable? EPF or Employee’s Provident Fund is taxable if withdrawn…
