Provident Fund

Premature Provident Fund withdrawal – Income tax will be imposed

by

Premature Provident Fund withdrawal – Income tax will be imposed Income Tax for Premature Provident Fund withdrawal of more than Rs.30,000 The Government has announced that income tax will be imposed if, at the time of premature withdrawal, the Provident Fund amount is in excess of Rs.30,000. Finance Minister brought a new provision in his … Read more

Centre Govt Allows 5% of PF Funds to be Invested in Share Market

by

Centre Govt Allows 5% of PF Funds to be Invested in Share Market The Central Government has allowed investing up to 5% of the Provident Fund capital in the stock market. As a result, Rs.5000 crore is expected to be released for investment this financial year. A circular from the Ministry of Labour has confirmed … Read more