Category: EPF

National Pension System (NPS) was earlier a Compulsory retirement fund for government employees (except army forces). NPS was introduced in 2009 for central and state government employees to replace old benefit-based scheme. Earlier, pension was based on the average of emoluments...

The Employee Provident Fund Tax announced in the Union Budget 2016-17 has everyone scurrying to withdraw their deposits. Under the Budget proposal, the government is planning to tax 60 per cent of Employees Provident Fund corpus on contributions made after April...