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The Public Provident Fund (PPF) is a long-term savings scheme backed by the Government of India to encourage small investments while offering tax advantages and a secure return on investment.
The Greater Hyderabad Municipal Corporation (GHMC) on Friday put a seal on the city’s iconic Banjara hotel (the erstwhile Taj Banjara) over non-payment of property tax amounting to Rs 1.43 crore, pending over the last two years.
Marking a historic first, the Employees’ Provident Fund Organisation has successfully settled over five crore claims in the 2024-25 financial year, announced Union Minister Mansukh Mandaviya on Thursday. He said, EPFO processed close to 5.1 crore claims, amounting to Rs. 2,05,932.49 crore, surpassing last year’s record of 4.5 crore claims worth Rs.1,82,838.28 crore.
The Kerala High Court has directed the Employees’ Provident Fund Organization (EPFO) that the higher provident fund (PF) pension currently drawn by some pensioners should not be reduced based on the pro-rata condition.
With an aim to get rid of high-polluting vehicles, the transport ministry has proposed to double the rebate up to 50 per cent in one-time tax on purchase of new vehicles after scrapping those with BS-II and earlier emission standards. At present, a discount of 25 per cent in Motor Vehicle tax is provided on purchase of a new vehicle after scrapping old personal vehicles, while the rebate is capped at 15 per cent in case of commercial vehicles.
The Employees’ Provident Fund Organization (EPFO) has significantly simplified the process of updation of member profiles, which can benefit Rs.3.9 lakh members with pending requests. Such members can now cancel pending requests and resubmit them under the simplified process.
The Employee Provident Fund Organisation (EPFO) has announced a new facility for members to delink any wrongly-linked member ID in their UAN which has been linked without their knowledge.
The Employees’ Provident Fund Organization (EPFO) has introduced key service updates, including simplifying the joint declaration process, implementing a Centralized Pension Payment System (CPPS), clarifying pension policies for higher wages, enabling online member profile updates, and easy PF transfers. Here are the details of each of these changes, knowing which can help you in managing your EPF more effectively.
The Employees’ Provident Fund Organisation (EPFO) is changing the way its 70 million members access their retirement savings with the launch of an initiative called EPFO 3.0.
The gratuity limit for central government employees has been raised to Rs 25 lakh from the previous Rs 20 lakh, following the increase in the dearness allowance (DA) to 50 per cent.