TaxTMI 
TaxTMI 
Employees Under the Employees Provident Fund(EPF) to be Provided two Options
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....mployees Under the Employees Provident Fund(EPF) to be Provided two Options <br>Budget<br>Dated:- 28-2-2015<br><BR>The Union Finance Minister Shri Arun Jaitley has announced that with respect to Emplo....
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....yees Provident Fund (EPF), the employee needs to be provided two options. Firstly, the employee may opt for EPF or the New Pension Scheme (NPS). Secondly, for employees below a certain threshold of mo....
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....nthly income, contribution to EPF should be optional, without affecting or reducing the employer's contribution. He said, with respect to ESI, the employee should have the option of choosing either ES....
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....I or a Health Insurance product, recognized by the Insurance Regulatory Development Authority (IRDA). The Finance Minister announced that he intends to bring amending legislation in this regard, aft....
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....er stakeholders' consultation.<BR> News - Press release - PIB....