The Employees’ Provident Fund (EPF) is designed to support employees’ long-term financial security, with both the employee and employer contributing 12% of the employee’s basic salary and dearness ...

A Provident fund is a government-managed retirement savings scheme for employees who can contribute a part of their pension fund every month. And, Form 15G is a declaration that can be filled out by ...

Form 15g/15h for PF withdrawal works like a declaration that one is having an annual income of less than Rs 2.5 lakh. Form 15g/15h for PF withdrawal is required when the PF account is less than five ...

Income Tax Return: April is a great opportunity to proactively plan your tax strategy for the upcoming fiscal year. One effective way to do so is by utilizing Form 15G or 15H to avoid Tax Deducted at ...

-- "The Finance Act, 2016 has amended section 192A of Income Tax Act, 1961 to raise the threshold limit of PF withdrawal from Rs 30,000 to Rs 50,000 for Tax Deducted at Source (TDS)," the notification ...

The government had introduced the proposal to deduct TDS on PF withdrawals in order to discourage pre-mature withdrawal and to promote long term savings. No tax would be deducted at source for PF ...