Money

The Employees’ Provident Fund Organisation (EPFO) will now allow members to transfer their PF accounts without routing online transfer claims through their past or present employers in specific cases. To ensure ease of doing for its members, the process has been simplified for transfer of PF account on change of jobs wherein the requirement to

Budget 2025: Ahead of the Union Budget 2025, central government employees have again requested the Centre to look into their commuted pension restoration demand. At present, the government restores the commuted pension of a retiree after 15 years from the commutation date. The Staff Side of the National Council Joint Consultative Machinery (NC JCM), representing

Budget 2025 Expectations for Insurance Industry: The insurance industry in India is poised for transformative growth, driven by increasing awareness of financial security and the need for robust risk management. As the government prepares for the Budget 2025, the industry is hopeful for significant reforms that will enhance financial inclusion, address affordability challenges, and align

By Neeraj Agarwala Concerns have been voiced about notices issued by the Income Tax (I-T) Department regarding non-taxable gifts received from family members. While such gifts are legally exempt from tax under certain conditions, the lack of a designated reporting section in income tax return (ITR) forms has created confusion and led to unnecessary scrutiny.

The Executive Committee (EC) of the Central Board of Trustees (CBT) of the Employees’ Provident Fund Organisation’s (EPFO) on Saturday discussed the status of the pending applications of subscribers who opted for higher pensions, post a Supreme Court ruling in 2022. According to an official release, the panel was apprised about the expeditious examination of

As the markets have turned volatile, investing in hybrid funds can deliver better risk-adjusted returns through diversification. Investors with a moderate-to-high risk appetite should opt for aggressive hybrid funds. And those with low risk appetite, should look at balanced advantage funds. Aggressive hybrid funds invest 65-80% in equities and the rest in debt. On the

In a bid to ease the burden of subscribers, the Employees’ Provident Fund Organisation (EPFO) has simplified the process of correcting any member’s personal details on the EPF portal, and eased the way through which PF accounts are transferred during change of job. Sources said EPF members with fully compliant e-KYC accounts can file their

NPS Calculator: With retirement, your regular income from employment comes to an end, and if you don’t have any other source of income during your later years, you might find yourself in financial difficulties. In 2009, to help citizens avoid such a problem, the government extended the facility of the National Pension System (NPS), commonly