1. How do I care for My Wife, Children, and Parents.
2. How to file Nomination Online & empower them to get pf, pension, and E.D.L.I. benefits online.
3. Stay tuned for step-by-step guidance for the same.
|
Due dates for the Month of November 2013
|
|
|
05-11-2013
|
Service Tax – Service Tax payments by Companies for October |
|
06-11-2013
|
Central Excise – Payment of Excise Duty for all Assessees (other than SSI Units) |
|
07-11-2013
|
Income Tax – TDS Payment for October |
|
10-11-2013
|
Central Excise – Filing ER-1 Return (Other than SSI Units) – Filing Quarterly ER-2 Return by 100% EOUs – Filing monthly ER-6 Return by specified class of Assessees regarding principal inputs. |
|
15-11-2013
|
Providend Fund – PF Payment for October |
|
20-11-2013
|
MVAT – TDS Payment for October |
|
21-11-2013
|
ESIC – ESIC Payment for October MVAT * – MVAT Monthly Return for October (TAX>1000000/-) MVAT – Monthly payment of October |
|
30-11-2013
|
Central Excise – Filing Annual Financial information Statement in Form ER-4 by the specified Assessees. Income Tax – Return of Income & Wealth of all assessees covered under Transfer Pricing Regulations MVAT – Audit Report in Form No. 704 Profession Tax – Payment of October |
| *If payment of MVAT made as per time prescribed, additional 10 days are given for uploading e-return | |
|
Software Solutions Available on
XBRL | TDS | Payroll | Web Payroll | Web HRMS | Fixed Asset | Service Tax | IncomeTax | Digital Signature PDF Signer | Attendance Machine | Data Backup Software |
|
|
Sensys Technologies Pvt. Ltd.
HO: 524, Master Mind1, Royal Palms, Goregaon East, Mumbai – 400 065. Tel.: 022-66278600 | Call: 09769468105 / 09867307971 Email: sales@sensysindia.com | Website: http://www.sensysindia.com Branches: Delhi & NCR | Pune | Bangalore | Hyderabad | Ahmedabad | Chennai |
|
|
Visit our BLOG for latest news and updates related to XBRL, Income Tax, HR & Payroll, PF / ESIC / TDS / PT etc..
Click here to visit Sensys BLOG |
|
EPF interest rate increased to 8.5% for the year 2012-13
EPF has come up with a mount in interest rate, taking it to 8.5% for the year 2012-13. The interest rate for the new fiscal year is 8.5% , as compared to the 8.25% in the previous year. As one basis point equals 0.01%, the 50 million subscribers of the employees’ Provident Fund Organisation will earn 8.5% with the 25 basis point increase. The trade unions’ demand of 8.6% interest still remains unfulfilled . The Central Board Of Trustees (CBT) explains that with the proposal of paying 8.6% interest , they would be left with a Rs 240 crore deficit, while the 8.5% rate allows a surplus of Rs. 400 crore.
But , the trade unions whose proposal was not accepted, have argued upon as to if the banks pay 9-10% and the government pays up to 8.8% , then why only 8.5% is being paid. Albeit there is a rise from previous year’s 8.25 to 8.5%,it is much less than the PPF rates or Bank fixed deposits rates. The previous years’ interest rate has been a considerable decline from 9.55 in 2011-12 to 8.25% in 2011-12. The EPF rates in 2011-12 were decreased to 8.23% from the 9.25% in 2010-11,while there was an increase in PPF rates from 8.6% in 2012-12 to 8.8% in 2012-13. The CBT has relaxed the rules in order to permit the EPFO invest in corporate bonds up to 25 year maturity from the present 15 years.
Also, the EPFO has allowed the fund manager to invest in debt market in order to improve earnings. The CBT commissioner has stated that a bit of relaxation in the rules is done so as to ease investment in debt market.
The EPFO can invest in the following seven firms along with the investments in bonds of PSUs.
The EPFO has come up to the decision to invest in AA or AAA rated bonds of companies that have a minimum net worth of Rs 3000 crore with a 15% dividend paying track record. However, they will refrain from investing in stock market as decided by the organization.
The new investment pattern is expected to yield higher returns, as per the central provident fund commissioner.