Category Archives: EPF News

Dearness allowance for govt employees hiked by 13%, DR by 3%; check details

In what could be good news for lakhs of central government employees and pensioners, the announcement of dearness allowance (DA) and dearness relief (DR) has finally come for those under the 5th Pay Commission and 6th Pay Commission. The news comes on the heels of the Indian government announcing a 3% DA hike for employees under the 7th… Read More »

PF Contributions Above ₹ 2.50 Lakh Will Be Taxed

The Employees Provident Fund Organisation (EPFO) has released new guidelines on the tax deduction for employees in the private sector whose contribution to the retirement savings account is more than ₹ 2.50 lakh, annually.In a circular, the EPFO said that the taxation threshold for EPF contribution for government employees would be ₹ 5 lakh annually. This taxation regime… Read More »