Market Careful PF ESIC Consultant in Ahmedabad

Right PF ESIC Consultant in Ahmedabad

Deductions for Early Withdrawals in Tax

Any withdrawal made within the five-year lock-in period of the EPF is considered premature. Withdrawals made from the EPF after five years are completely tax-exempt due to their EEE (Exempt, Exempt, Exempt) status. However, under Section 80C of the Income Tax Act, withdrawals made prior to this time are subject to TDS (Tax Deducted at Source). Withdrawals are completely tax-free, for example, if an employee has made contributions to the same PF account for three years at one firm and two years at another.

Pro Legal HR the Best PF ESIC Consultant in Ahmedabad. The EPF now has one of the highest interest rates among tax-saving options, at 8.65%. One major benefit for clients is the availability of online EPF procedures, which allow for both contributions and withdrawals. More workers are choosing this savings plan as a result of its convenience.

A new way to connect Aadhaar and UAN online

It is now possible for EPFO users to link their Aadhaar number to their UAN online. This procedure was put in place by EPFO as part of the online claims verification process.

EPFO users can access additional online services that require Aadhaar connection after linking their UID (Unique Identity Number) or Aadhaar with their UAN.

The Procedure for Connecting Aadhaar and UAN

The following describes how to use the EPFO website to link Aadhaar and UAN:

Go to the EPFO website's "Online Services" section and select the "eKYC Portal" option.

The "Link UAN Aadhaar" link should be clicked.

To continue and receive an OTP on the cellphone number linked to the UAN, provide the UAN.

Finish the OTP validation procedure.

The 12-digit Aadhaar number must be entered.

Get a second OTP on the email address or mobile number associated with your Aadhaar account.

Check this OTP.

The UAN and Aadhaar will be successfully linked if the UAN details match those in the Aadhaar database.

What happens if your Aadhaar and UAN are not connected?

Your business or organization would not be able to deposit your monthly payment on the first day of the year if your Aadhaar number and your UAN are not linked.

How can I make sure my Aadhaar and UAN are connected?

You can use your UAN and password to log in. Your Aadhaar details will be shown on the home page. Your Aadhaar number has been linked to your EPF account and validated by UIDAI if a verified demographic is listed against it.

How long does it take to connect Aadhaar and UAN?

After uploading the required documents, it takes around two to three days to update your Aadhaar data in EPF.

How long does it take to connect Aadhaar and UAN?

After uploading the required documents, it takes around two to three days to update your Aadhaar data in EPF. Pro Legal HR the Best PF ESIC Consultant in Ahmedabad.