FincomIndia

PF Return

A compulsory, government-managed retirement savings scheme used in India and other countries. It is run by a government for the benefit of its citizens.  
From Rs 749/- Inc. of all taxes

Many Indians are stricken with the common issue of employees not being provided their whole salary amount, as it became compulsory for EPF contribution to their own scheme. It is said to be quite an issue for people who were earning in the lower bracket of salary as the final salary per month came down to be not sufficient for their monthly expenses, often driving them to debt. India is comparatively conscious about debt, but has not helped in such situations.

However, the new Indian Budget for 2015 was released, bringing relief to some. Earlier, the EPF functioned based on contributing 12% of their monthly salary towards the Employees Provident Fund, while the employer too had to make the same contribution every month. Besides the EPF, employers had to contribute 8.33% of the pension for every individual employee.

Salient Features of PF Return

Tax benefits

The PPF scheme allows subscribers to enjoy tax exemptions at the time of deposit, accrual of interest, and withdrawal

Interest

A PPF account currently earns an interest of 8.0% as notified by the Government. It will continue to earn interest even if you choose to continue with the account after the initial 15 years without any further investment. This interest is completely tax free in your hand.

Period of Investment

"It is a 15-year investment scheme and you can withdraw the funds on maturity. Also the account expires after this period, though you can open another account after expiry”

Opening and Investment Limits

You can open a PPF account with a minimum subscription of Rs. 100. You can deposit any amount between Rs. 500 and Rs. 1,50,000 in a year.

Transferability

The PPF account can be transferred from any branch of a nationalised bank to the post office and vice-versa. The account cannot be transferred from one person to another. Also, nominees cannot opt to continue the account in their names if the subscriber is no more.

Loan Facility

The PPF scheme provides account holders the advantage of getting a loan on their accounts. The subscribers can apply for the loan from the third to the sixth financial year after opening the account. The loan can be taken on 25% of the funds in the account.

Transparent And Competitive Pricing

BASIC STANDARD PREMIUM
For Employers having Less Than 30 Employees
For Employers having Less Than 50 Employees
For Employers having Less Than 80 Employees
Rs. 1,000
Rs. 749
Inc. all taxes
Rs. 2,000
Rs. 1,399
Inc. all taxes
Rs. 5,000
Rs. 3,999
Inc. all taxes
Delivery Process

1. Order Confirmation

Once you confirm the order online one of our executives will get in touch with you to explain all the requirements.

2. Submission Of Documents

We have a facility to pick up documents from your door step at more than 6000 Pin Codes across India. As soon as your documents are ready, we will pick it up from your door step at a date and time as per your convenience.

3. Return Preparation

Based on the documents and information presented, our expert will prepare your PF return and send for your approval.

4. Hurray......It's Done

Once the PF return is verified and approved by you, our PF expert will file your PF return with the EPF department.

Frequently Asked Questions
As per the new 2012 rules issued recently, The EPFO has made amendments to the way in which employee and employer contribution would be calculated hereon. For employees, this amendment is particularly important as it impacts his/her take home salary and income tax liability as well.
For those who have a basic salary of up to INR 6500, contributing to the EPF is mandatory. Contributions are voluntary for those whose basic salary exceeds INR 6,500.However it is strongly recommended to make such contributions to avail of the various benefits an EPF Account has in store.
At such times, the PF balance could be transferred from one employer to another. The existing balance would continue to stay, with fresh contributions made by the new employer.When you quit your job, PF could be withdrawn. You need to provide a declaration that you do not intend to work for the next six months.
Employee Provident Fund (EPF) members can now access their account statements online atwww.epfindia.gov.in.This facility is available only to active members who are currently contributing to their EPF accounts.
No, interest earned by an employee on his Provident Fund balance is not taxable.
The current rate of interest allowed on PF contributions is 7.8% p.a.
Yes, you can. The additional contribution is called as ‘voluntary contribution’. But such additional contribution will not be matched by your employer. All the same rules and interest rate will apply to your voluntary contribution regarding withdrawal, transfer, interest rate and so forth.
Employee Provident Fund (EPF) and Public Provident Fund (PPF) are long term investment instruments for retirement. However a lot of people are confused between these two. We clarify all your doubts.
You can withdraw from your EPF account on the account your children’s education, marriage of self, children and siblings, purchase/construction of a house or any medical emergencies. However, withdrawal is subject to certain conditions, non-compliance of which would result in penal interest: • You should have completed minimum 7 years of service; • Withdrawal can be made only 3 times in the period during which you hold the EPF Account; • Maximum aggregate withdrawal would be 50% of the total contributions made by you. For medical emergencies, there is no minimum service period. However, the maximum amount one can withdraw is 6 times the basic salary and proof of hospitalization is required.Withdrawal from EPF Account for purchase/construction of a house is available only once in an individual’s entire working life. The minimum service period is 5 years and the maximum withdrawable amount is 36 times your total salary (for construction of property) and 24 times (for purchase of property).

Our Presence

Check Availablity in your area

FinComIndia has capability to serve at your door step at more than 6000 Pin Codes across. You have the opportunity to avail our world class services sitting at your home or office itself. This service is free of cost for all the customers. We practically cover the whole of India. Kindly check in the box above for availability of door step services in your city.

Reasons to choose FinComIndia?

PROFESSIONAL EXPERTISE

FinComIndia has a team consisting of more than 75 experts of varied domains which enables us to deliver high quality of services. All our staff is well trained and regularly updated with all relevant statutory changes.

DOOR STEP SERVICES

We pick up all the required documents right from your door step at your preferred time and date and also deliver back the original documents / certificates to your address.

NATION WIDE REACH

We have capability of providing our services across more than 6000 Pin Codes in India. This makes us the front runner in Nation wide reach.

BEST PRICE

We are upfront with our pricing with no hidden fees, Also lowest pricing through automation and technology.

Money Back Guarantee

If you are not satisfied with our work, we will refund the money after deducting the statutory fees paid and other administrative charges.

100% Customer Satisfaction

With our quality of services and professional expertise, we guarantee 100% customer satisfaction.

Giving Back to the Society

In our endeavour to give back to the society, we donate 1% of our profits to various charitable and environmental causes.