February 15, 2015 - India ITR

Lock in Period for PPF may be increased in Budget 2015-16

Budget FY 2015-16, Misc. Items, UpdatesBy Himanshi February 15, 2015

There is a proposal in Finance Ministry to raise the minimum lock-in period in PPF in the upcoming budget for FY 2015-16. Reason is to avail the funds for longer term for infrastructure. There are two options on the table right now: Increasing the maturity period from the 15 years. Increasing the minimum withdrawal period…

EPF Facts 1 – Nomination and Insurance Facility

Employees Provident Fund (EPF), Investment and Savings, Provident Fund (PF)By Himanshi February 15, 2015

Nomination One can avail the facility of nomination while joining the EPF. But in case, it has not been done at the time of joining, one can fill up Form 2 to update/ change the nomination details. In case of death of the person, nominee gets the Provident Fund amount. Insurance Contribution to Employees’ Deposit…