Most workers are taking full advantage of the workplace-offered savings option, and are well rewarded for doing so.

Mandya: Skill development training is essential for youth to secure employment and lead a better life, said deputy ...

The government is reportedly planning to introduce a pension scheme requiring platform aggregators to contribute 2% of each ...

Nagpur: State govt employees will soon be able to spot missing credits in their provident fund (PF) accounts each month.

Four years after losing their jobs, 1,200 former SFI staff remain trapped in uncertainty, fighting for the wages they were ...

The new tax regime will have new income tax slabs from FY 2025-26. Many salaried employees hesitated to switch to the new tax ...

The Provident Fund (PF) is an important financial safety ... six times the monthly basic wage plus DA or the total employee contribution, whichever is lower. Minimum five years of service required.

The EPF also presents attractive tax benefits. Contributions qualify for deductions under Section 80C of the Income Tax Act, 1961, which can substantially lower taxable income. Furthermore ...

Any contribution above the statutory provident fund (12% of basic pay) is the voluntary provident fund. NEW DELHI: Mr. A is a risk-averse investor who prefers fixed over market-linked returns.

The new compulsory contributions, which are likely to be implemented in the fourth quarter of 2025, are expected to inject billions of ringgit into the EPF annually. Foreign or non-citizen workers ...

MCA has questioned the government’s move to impose a two percent Employees Provident Fund (EPF) contribution rate for migrant workers and their employers. Its vice-president Lawrence Low said ...

Moreover, tax deductions previously claimed under Section 80C for EPF contributions may be reversed. EPF withdrawals made after five years of continuous service are generally exempt from taxation.