Things you should know about car insurance Policy A car insurance policy offers several benefits and flexibility which could do wonders for you. But for availing such benefits of car insurance, you should be totally aware of, otherwise, you might be left with a policy that would prove to be inept when you would need it […]
Employees’ Provident Fund – All you need to know The Employees’ Provident Fund (EPF) is a savings tool for the workforce. It is a scheme managed under the Employees’ Provident Funds and Miscellaneous Provisions Act, 1952, by the Employees’ Provident Fund Organisation (EPFO).
Proposed increase in tax-free gratuity limit to Rs 20 lakh – Who will get benefit ? The government has proposed to hike the tax free gratuity payment limit from the current Rs 10 lakh to Rs 20 lakh – on 12 September 2017, the Cabinet cleared The Payment of Gratuity (Amendment) Bill, 2017. However, before […]
Link your UAN to Aadhaar to get online PF claim in 5 days For several employees, withdrawing one’s own money from the EPFO had been a tough task. The claim settlement process which earlier took several months, if not years, even required the employee to get the attestation done from the employer and withdraw through online […]
EPFO proposes loyalty-cum-life benefit of up to Rs 50,000 for members Retirement fund body EPFO’s subscribers will get loyaltycumlife benefit of up to Rs 50,000 at the time of retirement for contributing to the scheme for 20 years or more.
Fall in the category of wilful defaulter or not ? The concept of ‘wilful’ and ‘non-wilful’ as categories of (bank loan) defaulters was introduced by the Reserve Bank of India (RBI), the country’s apex bank in the year 1999.