PF Balance Check – How to check EPF balance?

Employee Provident Fund or EPF is one of the best tools for developing a financial corpus for the future. In this scheme, a portion of the basic salary of the employee is deducted and is put into the EPF account. As per the governmental guidelines, the individual will accumulate interest on that amount. After retirement, the entire amount along with the interest is provided to the employee. Some amount of money is transferred towards the EPS (Employees’ Pension Scheme), which provides insurance cover. There are different ways through which you…

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TDS Refund – How to Check TDS Refund Status?

Tax Deducted at Source (TDS) is a type of tax that is deducted from the salary or payment that you are liable to before it is credited to your account. The amount can also be deducted from rent, interest obtained from a bank or commission. TDS is collected by the employer or the bank from their employees or customers based on the government rules. It may be collected each month or at the beginning of the financial year. In case where TDS is distributed throughout the year, it decreases the…

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TDS Rates Chart

Managed by the Central Board of Direct Taxes, TDS or Tax Deducted at Source forms a part of the income tax. Here, the person making a payment to the receiver is liable to deduct a percentage of the tax before making the full payment. The deductions can be on salary, commission, rent, incentives, professional fees or interest. Further, TDS is used by the government to make sure that the tax is collected in advance instead of paying it to the authorities later. This helps in reducing the cases of tax…

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What is PF? – PF Meaning, Benefits & Rate of Interest

EPF stands for Employee Provident Fund that is a scheme for providing a monetary benefit to all salaried individuals after their retirement. The process is monitored by the Employee Provident Fund Organisation of India. Any organisation that has more than 20 employees must register with the EPFO. This scheme is very beneficial for all employees for developing a corpus after their retirement. In this process, an amount is deducted from their monthly salary and is put into the EPF account. The amount collected in the EPF account is provided to…

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