A Provident fund is a government-managed retirement savings scheme for employees who can contribute a part of their pension fund every month. And, Form 15G is a declaration that can be filled out by ...

This explains why FD reporting to tax authorities and TDS on interest follow different thresholds. The key takeaway is understanding bank-wise limits prevents confusion and unnecessary ...

Editorial Note: Forbes Advisor may earn a commission on sales made from partner links on this page, but that doesn't affect our editors' opinions or evaluations. Form 15G for provident fund (PF) ...

The Employees’ Provident Fund (EPF) is designed to support employees’ long-term financial security, with both the employee and employer contributing 12% of the employee’s basic salary and dearness ...

If you are an EPF (Employees Provident Fund) subscriber, and at the time of withdrawal, you do not want TDS (tax deducted at source) to be deducted, you need to fill out form 15G. The TDS is deducted ...

If you think you have incorrect details with the organization, you could rectify it through the EPFO's unified portal. It can be done using the Universal Account Number (UAN). Amidst the COVID-19 ...

If you invest in certain instruments like bank fixed deposit, recurring deposit and corporate deposit, the interest you earn is taxed. Banks and post offices will deduct TDS (Tax deducted at source) ...

TDS is the process of collecting tax as and when the income is generated. It streamlines the process of collecting taxes for the tax department. TDS is applicable on several incomes such as salary, ...

The bank is liable to deduct TDS if the interest earned during the financial year exceeds a certain limit. How to fill Form 15G: It is that time of the year when most fixed deposit holders make a dash ...

Shailesh Bhagat is a Non Resident Indian (NRI) living in the US for the past 7 years. His only income from India is the interest that he receives on his Non Resident Ordinary (NRO) Account and Non ...