4 Things to Know Before Transferring EPF Balance

Earlier, employees had to create a new PF account while shifting to a new organization. Now, you can transfer the Employee Provident Fund balance online. Here are four things you should know on how to transfer the EPF balance. 1. Create the UAN number Generate UAN number for the Employees Provident Fund Organisation portal, which was given to you at the start of your career. … Continue reading 4 Things to Know Before Transferring EPF Balance

Premature Fixed Deposit Withdrawals are a BIG NO-NO. Here’s Why?

Fixed Deposit is one of the best investment scheme which guarantees assured returns upon maturity. Thus, it is likely for people like you and me who’re investing for the first time to get lured towards it. Though FD is one of the best saving options, it has to be planned well in order to ensure optimal benefits. For instance, below are some rules one must … Continue reading Premature Fixed Deposit Withdrawals are a BIG NO-NO. Here’s Why?

Form 16 Guide: What is Form 16 and How to Use it to File Tax

Form 16 is a very important document which is usually given by the employer for filing income tax returns. In India, those who cross the income tax limit of Rs.2 lakh per annum have to file tax returns mandatorily. Form 16 essentially has two parts. Form 16A provides tax deducted by the employer from the source along with names and addresses of employer and employee, … Continue reading Form 16 Guide: What is Form 16 and How to Use it to File Tax

A Short Guide on How to get your UAN Number from the Employer

Employees’ Provident Fund, an integral part of one’s retirement plan, plays an important role to give a perfect end to an employees’ career. Your EPF determines your retirement lump sum amount along with accrued interest if any. An employee should know how to check, generate & activate the UAN number to achieve his retirement goals in the most efficient way possible. The UAN or Universal … Continue reading A Short Guide on How to get your UAN Number from the Employer

Here is What Is Income Tax Form 16 And Why Is It Important?

Forms introduced under the Income-tax Act, 1961 such as the 16, 16A & 16B relate to TDS as per specific situations. The employer should understand what is Form 16 before issuing it to an employee, which specifies the total amount of tax deducted from an employees’ salary. Civic duty includes paying tax regularly on or before the deadline. The salary for government employees’, expenses related … Continue reading Here is What Is Income Tax Form 16 And Why Is It Important?