15 Frequently Asked Questions on Employee Provident Fund | EPF Passbook & Balance | EPF Withdrawal
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The Employee Provident Fund (EPF) is a government-managed savings scheme aimed at providing financial security to employees during their retirement years. Understanding the EPF scheme is vital for every employee, and this video serves as a valuable resource as we explore the structure and design of EPF, its workings, eligibility criteria, and address some frequently asked questions that often arise regarding EPF contributions, withdrawals, interest rates, and tax implications.
To begin with, we examine the architecture of the EPF, exploring its structure and design. We shed light on how the EPF scheme operates, emphasizing the role of both the employee and employer in contributing to the fund. Through a comprehensive example, we illustrate the calculation of EPF contributions, highlighting the 12% basic pay limit and addressing the question of whether an employee can contribute more than this threshold.
Moreover, I'll also tackle the question of EPF account transfers, guiding viewers on the process of seamlessly moving their EPF balance from one employer to another, ensuring continuity of their retirement savings. I shall also address the scenario of an unemployed EPF member, the EPF interest rates and how it compares with other small savings schemes to give viewers a broader perspective on the benefits of EPF. Additionally, I shall demonstrate the various methods available for checking one's EPF balance which includes the EPF passbook, online portals, mobile apps, and SMS services. I shall conclude this video with my understanding of taxation including some of the recent tax rules and provisions
👉 Video Chapters:
00:00 Employee Provident Fund
00:52 Structure of EPF
02:05 How EPF Scheme Works
02:41 Definition of Salary as per EPF
03:03 Eligibility
04:19 EPF Example
07:03 EPF Contribution Beyond 12% of Basic Pay
07:27 Transfer of EPF
07:50 EPF Withdrawal in case of Unemployment
08:09 EPF Interest Rate
09:46 How to Check EPF Balance
10:13 EPF Withdrawal Before Retirement
11:23 EPF Claim Process on Subscriber's Death
12:00 Taxation
14:17 Shankar's Viewpoint
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👉 Useful Reading Resources:
‣ How to Check EPF Balance: https://cleartax.in/s/pf-balance-check
‣ Can the Employee Contribute More than 12% of Basic Pay: https://www.goodreturns.in/personal-f...
‣ Does a Career Gap affect Provident Fund Withdrawal: https://webcache.googleusercontent.co...
‣ How to File EPF Claims: https://economictimes.indiatimes.com/...
‣ How to Check if your EPF Interest has now become Taxable: https://economictimes.indiatimes.com/...
🙌 Join my community on:
‣ Youtube: @shankarnath
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#employeeprovidentfund #epfo #epf
Disclaimer: I am not a SEBI registered investment advisor or research analyst. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented
Schedule a free 30-minute consultation : https://ditto.sh/0bxlo5
► 26,000+ readers have joined my Investing Newsletter
Subscribe Now : http://shankarnath.com
The Employee Provident Fund (EPF) is a government-managed savings scheme aimed at providing financial security to employees during their retirement years. Understanding the EPF scheme is vital for every employee, and this video serves as a valuable resource as we explore the structure and design of EPF, its workings, eligibility criteria, and address some frequently asked questions that often arise regarding EPF contributions, withdrawals, interest rates, and tax implications.
To begin with, we examine the architecture of the EPF, exploring its structure and design. We shed light on how the EPF scheme operates, emphasizing the role of both the employee and employer in contributing to the fund. Through a comprehensive example, we illustrate the calculation of EPF contributions, highlighting the 12% basic pay limit and addressing the question of whether an employee can contribute more than this threshold.
Moreover, I'll also tackle the question of EPF account transfers, guiding viewers on the process of seamlessly moving their EPF balance from one employer to another, ensuring continuity of their retirement savings. I shall also address the scenario of an unemployed EPF member, the EPF interest rates and how it compares with other small savings schemes to give viewers a broader perspective on the benefits of EPF. Additionally, I shall demonstrate the various methods available for checking one's EPF balance which includes the EPF passbook, online portals, mobile apps, and SMS services. I shall conclude this video with my understanding of taxation including some of the recent tax rules and provisions
👉 Video Chapters:
00:00 Employee Provident Fund
00:52 Structure of EPF
02:05 How EPF Scheme Works
02:41 Definition of Salary as per EPF
03:03 Eligibility
04:19 EPF Example
07:03 EPF Contribution Beyond 12% of Basic Pay
07:27 Transfer of EPF
07:50 EPF Withdrawal in case of Unemployment
08:09 EPF Interest Rate
09:46 How to Check EPF Balance
10:13 EPF Withdrawal Before Retirement
11:23 EPF Claim Process on Subscriber's Death
12:00 Taxation
14:17 Shankar's Viewpoint
🔥 Top Videos on My Channel (don't forget to subscribe)
‣ 9 Retirement Planning Strategies for Regular & Safe Income: 9 Retirement Planning Strategies for ...
‣ Build a Monopoly Stocks Portfolio (27% Return): How to Build a Portfolio of Monopoly ...
‣ Coffee Can Investing: How to Build a Coffee Can Investing P...
‣ Peter Lynch's Strategy of Stock Picking: I Copied Peter Lynch's Investing Stra...
👉 Useful Reading Resources:
‣ How to Check EPF Balance: https://cleartax.in/s/pf-balance-check
‣ Can the Employee Contribute More than 12% of Basic Pay: https://www.goodreturns.in/personal-f...
‣ Does a Career Gap affect Provident Fund Withdrawal: https://webcache.googleusercontent.co...
‣ How to File EPF Claims: https://economictimes.indiatimes.com/...
‣ How to Check if your EPF Interest has now become Taxable: https://economictimes.indiatimes.com/...
🙌 Join my community on:
‣ Youtube: @shankarnath
‣ Instagram: Instagram: shankarnathofficial
‣ LinkedIn: LinkedIn: shankarnath
‣ Twitter: Twitter: shankarnath
#employeeprovidentfund #epfo #epf
Disclaimer: I am not a SEBI registered investment advisor or research analyst. The content posted on this platform is purely for educational purposes and none of it constitutes investing or trading advice. Viewers should do their own research and diligence before investing or acting on the information presented
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در تاریخ 1402/03/17 منتشر شده
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