WebMar 20, 2024 · The EE share is given as per the statute limits. Benefits of an Employee Provident Fund You need to know that provident donors have been made mandatory who will fulfil at least 15,000 thresholds of income. Under section 80C, an employee can get about Rs. 1.5 lakh of income tax exemption in a financial year if they get signed up with … WebFeb 10, 2024 · Plan your retirement with EPF today. Click here to know more about your contribution as a member, benefits, investment options and returns
Find out what happens to employer’s contribution towards your PF ...
WebJul 25, 2024 · Any interest on the contribution made during the FY 2024-22 in excess of the amount of Rs. 2.50 Lakhs (EPF) and Rs. 5.00 Lakhs (GPF) will be taxable as “Income from Other Sources “in the hand of the employee or person contributing to those funds. WebNotification dated 9th April, 1997 was issued enhancing Provident Fund contribution rate from 8.33% to 10%. With this 172 categories of industries/establishments out of 177 … long living small fish
Present Rates of Contribution under EPF, EPS and EDLI - TaxGuru
WebJan 7, 2024 · Employee and Employer Contributions to the Employee Provident Fund (EPF) For EPF, both the employee and the employer contribute an equal amount of 12% of the monthly salary of the employee. Employees can contribute more than 12% of their salary voluntarily, however the employer is not bound to match the extra contribution of the … Webthen 15000 should be shown as EPF wages. In case the employer is paying his dues on above wage ceiling, that wage should be entered. 5 EPS Wages Number No decimals … WebJan 11, 2024 · When a employee can apply for his final EPF withdrawal , he is eligible for claim both Employee and employer share. For gratuity: According to the law, an … long living room wall decorating ideas