EPFO recently said that subscribers have to file employee provident fund (EFP) withdrawal claims above Rs. 10 lakh online. Retirement fund body EPFO or Employees Provident Fund Organisation has made it mandatory to file online claims for settlements above Rs. 10 lakh. This was said in a notification by EPFO in a circular dated 27 February . For EPS (Employees Pension Scheme), the limit is Rs. 5 lakh. This means that pension scheme withdrawals beyond Rs. 5 lakh have to be made online only. "In case the amount of claim settlement is above Rs. 10 lacs for PF claims and Rs. 5 lacs in respect of EPS withdrawal claims, the claim form must be accepted through online mode only," the retirement fund body said in a circular.
An employee's 12 per cent contribution goes towards the EPF kitty, while 8.33 per cent out of the total 12 per cent of the employer's contribution is invested in EPS or pension scheme. The balance 3.67 per cent is invested in EPF.
SIPs are Best Investments when Stock Market is high volatile. Invest in Best Mutual Fund SIPs and get good returns over a period of time. Know Top SIP Funds to Invest Save Tax Get Rich - Best ELSS Funds
For more information on Top SIP Mutual Funds contact Save Tax Get Rich on 94 8300 8300
OR
You can write to us at
Invest [at] SaveTaxGetRich [dot] Com
Posts
No comments:
Post a Comment