PF Withdraw without employer signature? (most requested)
Do not share your personal details, bank account, UAN over the phone, warns EPFO
EPF Nomination Rules: Getting married makes your EPF, EPS nomination invalid
make a nomination online in your EPF account
Is EPF a government Organisation?
The EPF is created by the Employees Provident Fund Organization (EPFO) of India, a statutory body of the Indian Government under the Labour and Employment Ministry.
What is excluded employee EPF?
PF Scheme. The definition of ‘excluded employee’ has been amended whereby the members drawing wages exceeding INR 15,000 per month are excluded from the provisions of the PF Scheme.
IS EPF Mandatory?
If your monthly basic salary is less than Rs. 15,000 Then EPF Mandatory, more than 15000 it is voluntary
Is PF mandatory for salary above 15000?
Yes, it’s mandatory every employee, According to the law every organization above 20, employees have to register with epfo.
The wage ceiling limit is as now 15000 (if your salary 30,000 then 12% of pf contribution from 15K only not from 30k).
salary = basic pay + Daily Allowances + TA . here only basic pay applies.
EPFO Benefit:
Your 12% Contribution + employee 12% + Epfo 8.5% Interest rate = Compound Interest Helps you retirement happy. or buy the home , loan on buying a home, marriage, education illness, etc.
Better than other mutual fund schemes, real estate. you have to diversify your portfolio. then epf contribution is a basic retirement & emergency fund. and backed the government.
What is VPF or Voluntary PF?
You can Contribute extra Amount Up to 100% to Your Basic Pay. this amount also earns the same interest rates as EPF.
But there is a tax applicable on Intrest earned (recent rule), unlike EPF Amount.
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