In January, EPFO had decided to extend the date of submission through Jeevan Pramaan Patra programme to February 28.
Earlier last year, the Finance Ministry had lowered interest rate on EPF for 2015-16 to 8.7 per cent from 8.8 per cent approved by the CBT but the step was retracted after protests by trade unions.
Investment adviser Harsh Roongta answers a few queries on personal finance.
Financial planner Gaurav Mashruwala answers a few queries on personal finance.
Financial planner Amit Kukreja answers a few queries on personal finance.
Financial planner Kartik Jhaveri answers a few queries on personal finance.
The AUM of NPS crossed Rs 1.61 trillion-mark with a subscriber base of 1.41 crore as on December 31, he said.
Earlier in November last year, the EPFO had decided to extend the last date for submission of life certificate till January 15, 2017.
Under the scheme, the employee's share of contribution, if declared by the employer as not deducted, shall stand waived, the Employees' Provident Fund Organisation (EPFO) said in statement.
Earlier this week, retirement fund body Employees Provident Fund Organisation (EPFO) decided to lower the interest on provident fund deposits to 8.65%.
Retirement fund body EPFOs move will impact over four crore employees who contribute part of their salary towards the provident fund kitty.
The government had to roll back the decision and provided 8.8 per cent rate of interest on EPF deposit for last fiscal following protests by trade unions.
Sources said that the interest rate could be at least 8.8 per cent which was fixed for the last fiscal.
The charges, which came into effect from yesterday, will only be levied on Asset Management Companies.
The Pension Fund Regulatory and Development Authority (PFRDA), which regulates National Pension System (NPS), has asked the government to include this tax parity in the forthcoming Budget.
As per the practice, the EPFO pensioners are required to submit their life certificate by November. In case the pensioners don't submit their life certificate their pension is stopped.
Maharashtra and Goa circle has a network of 61 head post offices, 2,154 sub-post offices and 10,644 Gramin Dak Sewa.
Dearness allowance and dearness relief is provided to employees and pensioners to neutralise the impact of price rise.